monthly treasury statement · 2020-06-10 · the mts is part of a triad of treasury financial...

U . S . D E P A R T M E N T O F T H E T R E A S U R Y | B U R E A U O F T H E F I S C A L S E R V I C E

Monthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2020 Through May 31, 2020, and Other Periods

Contents

Summary.................................................................................................................................................................... Page 5

Receipts...................................................................................................................................................................... Page 10

Outlays........................................................................................................................................................................ Page 11

Means of Financing.................................................................................................................................................... Page 25

Receipts/Outlays by Month......................................................................................................................................... 5

Federal Trust Funds/ Securities.................................................................................................................................. Page 37

Receipts by Source/Outlays by Function.................................................................................................................... Page 38

Explanatory Notes....................................................................................................................................................... Page 39

Introduction

The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) is prepared by the Bureau of the Fiscal Service, Department of the Treasury and, after approval by the Fiscal Assistant Secretary of the Treasury, is normally released on the 8th workday of the month following the reporting month. The publication is based on data provided by Federal entities, disbursing officers, and Federal Reserve banks.

AUDIENCE The MTS is published to meet the needs of those responsible for or interested in the cash position of the Treasury, those who are responsible or interested in the Government's budget results; and individuals and businesses whose operations depend upon or are related to the Government's financial operations.

DISCLOSURE STATEMENT This statement summarizes the financial activities of the Federal Government and off-budget Federal entities conducted in accordance with the Budget of the U.S. Government, i.e., receipts and outlays of funds, the surplus or deficit, and the means of financing the deficit or disposing of the surplus. Information is presented on a modified cash basis; receipts are accounted for on the basis of collections; refunds of receipts are treated as deductions from gross receipts; revolving and management fund receipts, reimbursements and refunds of monies previously expended are treated as deductions from gross outlays; and interest on the public debt (public issues) is recognized on the accrual basis. Major information sources include accounting data reported by Federal entities, disbursing officers, and Federal Reserve banks.

TRIAD OF PUBLICATIONS The MTS is part of a triad of Treasury financial reports. The Daily Treasury Statement is published each working day of the Federal Government. It provides data on the cash and debt operations of the Treasury based upon reporting of the Treasury account balances by Federal Reserve banks. The MTS is a report of Government receipts and outlays, based on agency reporting. The Combined Statement of Receipts, Outlays, and Balances of the United States Government is the official publication of the detailed receipts and outlays of the Government. It is published annually in accordance with legislative mandates given to the Secretary of the Treasury.

DATA SOURCES AND INFORMATION The Explanatory Notes section of this publication provides information concerning the flow of data into the MTS and sources of information relevant to the MTS.

3

Highlight

Department of Labor outlays were $94 billion driven by expanded unemployment benefits. Prior to April 2020 ($46 billion), the previous high was $17B in March 2010.

May has been a deficit month 65 times out of 66 fiscal years, since there are no major corporate or individual tax due dates in this month.

blee

Rectangle

4

Total Receipts$174 Billion

Total Outlays$573 Billion

Receipts by Source: Outlays by Function:

Figure 1. Receipts, Outlays, and Surplus/Deficit for May 2020

Figure 2. Cumulative Receipts, Outlays, and Surplus/Deficit through Fiscal Year 2020

Total Receipts$2,019 Billion

Total Outlays$3,900 Billion

Receipts by Source: Outlays by Function:

Deficit$1,880 Billion

Deficit$399 Billion

Source data: Table 9

Social Insurance & Retirement $112 billion

Individual Income Taxes $48 Billion

Miscellaneous

$4 Billion

Corporation Income Taxes

$3 Billion Excise Taxes

$9 Billion

$.7 Billion

$-2 Billion

Customs Duties

Estate and Gift Taxes

$92 Billion Social Security

National Defense

$184 Billion

Health $79 Billion

Income Security

$61 Billion

Medicare$50 Billion

$16 Billion

$34 Billion

Transportation

Other

$20 Billion

$26 Billion Net Interest

$11 Billion

Social Insurance & Retirement $870 Billion

Individual Income Taxes $892 Billion

Miscellaneous $70 Billion

Excise Taxes

$47 Billion

Corporation Income Taxes $86 Billion

$43 Billion

$11 Billion

Customs Duties

Estate and Gift Taxes

$723 Billion Social Security

$485 Billion National Defense

Health

$786 Billion Income Security

$532 Billion Medicare

$479 Billion

$159 Billion

$143 Billion

$261 Billion Net Interest

General Government

Veterans' Benefits & Services

Transportation

Other

$85 Billion

$246 Billion

Veterans'Benefits & Services

Education

5

Period Receipts Outlays Deficit/Surplus (-)

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2019 and 2020, by Month[$ millions]

FY 2019 October 252,692 353,183 100,491 November 205,961 410,864 204,903 December 312,584 326,123 13,539 January 339,980 331,299 -8,681 February 167,265 401,243 233,977 March 228,811 375,756 146,945 April 535,545 375,240 May 232,064 439,833

-160,304207,768

June 333,952 342,430 8,477 July 251,348 371,043 119,695 August 227,965 428,309 200,344 September 374,056 291,288 -82,768 Year-to-Date 3,462,223 4,446,611 984,388

FY 2020 October 245,521 379,988 134,467 November 225,185 434,024 208,838 December 335,805 349,091 13,286 January 372,288 404,883 32,595 February 187,951 423,229 235,278 March 236,766 355,754 118,988 April 241,863 1979,885 738,022 May 173,861 572,682 398,821 Year-to-Date 2,019,240 3,899,536 1,880,296

1 Outlays increased by $172 million due to additional reporting by the Department Note: Details may not add to totals due to rounding.of the Interior and the Department of Health and Human Services.

Classification ThisMonth

CurrentFiscal Year

to Date

BudgetEstimates FullFiscal Year 1

ComparablePrior PeriodYear to Date

(2019)

BudgetEstimatesNext Fiscal

Year (2021) 1

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, May 2020 and Other Periods[$ millions]

Total On-Budget and Off-Budget Results: Total Receipts 173,861 2,019,240 3,706,327 2,274,902 3,863,293 On-Budget Receipts 96,428 1,381,643 2,739,254 1,669,857 2,852,257 Off-Budget Receipts 77,433 637,597 967,073 605,046 1,011,036

Total Outlays 572,682 3,899,536 4,789,746 3,013,541 4,829,359 On-Budget Outlays 481,710 3,258,625 3,829,949 2,407,006 3,811,118 Off-Budget Outlays 90,972 640,912 959,797 606,535 1,018,241

Total Surplus (+) or Deficit (-) -398,821 -1,880,296 -1,083,419 -738,638 -966,066 On-Budget Surplus (+) or Deficit (-) -385,282 -1,876,981 -1,090,695 -737,149 -958,861 Off-Budget Surplus (+) or Deficit (-) -13,539 -3,315 +7,276 -1,489 -7,205

Total On-Budget and Off-Budget Financing 398,821 1,880,296 1,083,419 738,638 966,066Means of Financing: Borrowing from the Public 759,988 3,007,563 1,080,435 440,717 1,030,904 Reduction of Operating Cash, Increase (-) -269,095 -1,066,646 151,838 ...... By Other Means -92,072 -60,620

-2,5175,500 146,083 -64,838

1 These estimates are based on the FY 2021 Budget, released by the Office ofManagement and Budget on February 10, 2020.

Note: Details may not add to totals due to rounding.... No Transactions

6 Source data: Table 1

Receipts Outlays Deficit(-)/Surplus

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug Sep Oct

Nov

Dec Jan

Feb

Mar

Apr

May

($1,000B)

($600B)

($200B)

$200B

$600B

($1,000B)

($600B)

($200B)

$200B

$600B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug Sep Oct

Nov

Dec Jan

Feb

Mar

Apr

May

$1,000B

$2,000B

$3,000B$4,000B

($4,000B)($3,000B)

($2,000B)

($1,000B)

($2,000B)($1,000B)

$0B

$1,000B

Figure 4. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Cumulative,Fiscal Years 2019 and 2020

Receipts Outlays

Figure 3. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years2019 and 2020

$0B

Deficit(-)/Surplus

blee

Line


$86B$70B$58B

$43B

$892B

$870B

Fiscal Year 2020 to Date: $2,019B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep Oct

Nov

Dec Jan

Feb

Mar

Apr

May

$0B

$50B

$100B

$150B

$200B

$250B

$300B

$350B

$400B

$450B

$500B$550B

Receipt Amount

($2B)$9B $5B$3B

$48B

$112B

Month of May 2020: $174B

Figure 5. Receipts of the U.S. Government, by Source, Fiscal Year 2020

Figure 6. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Miscellaneous Receipts

Other


Excise Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts


Miscellaneous Receipts

Other

Excise Taxes

Individual Income Taxes

Social Insurance and Retirement Receipts

"Other" Includes: Customs Duties and Estate and Gift Taxes*Disclaimer: Other category is subject to change due to negative balances held.Note: Details may not add to totals due to rounding


$92B

$50B

$26B

$80B

$184B

$61B

$79B

Month of May 2020: $573B

$723B

$532B

$786B$479B

$485B

$261B

$633B

Fiscal Year 2020 to Date: $3,900B

2019 2020

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep Oct

Nov

Dec Jan

Feb

Mar

Apr

May

$0B

$100B

$200B

$300B

$400B

$500B

$600B

$700B

$800B

$900B

$1,000B

Outlay Amount

Figure 7. Outlays of the U.S. Government, by Source, Fiscal Year 2020

Social Security Income Security National Defense

Net Interest

Other

Medicare Health

*Disclaimer: Other category is subject to change due to negative balances held.

Figure 8. Monthly Outlays of the U.S. Government, by Source, Fiscal Years 2019 and 2020

Social Security

Medicare

Income Security

Health

National Defense

Net Interest

Other

"Other" Includes: Administration of Justice, Agriculture, Commerce and Housing Credit, Community and Regional Development, Education,Training, Employment, and Social Services, Energy, General Government, General Science, Space, and Technology, International Affairs,Natural Resources and Environment, Transportation, Undistributed Offsetting Receipts, Veterans' Benefits and Services.Note: Details may not add to totals due to rounding

Classification ThisMonth

CurrentFiscal Year

to Date

ComparablePrior Period

Year to Date

BudgetEstimatesFull Fiscal

Year 1

Table 3. Summary of Receipts and Outlays of the U.S. Government, May 2020 and Other Periods[$ millions]

Budget Receipts Individual Income Taxes 47,760 892,477 1,160,328 1,812,040 Corporation Income Taxes -1,795 86,399 113,086 263,642 Social Insurance and Retirement Receipts: Employment and General Retirement (Off-Budget) 77,433 637,597 605,046 967,073 Employment and General Retirement (On-Budget) 22,096 196,646 187,829 297,713 Unemployment Insurance 11,720 31,979 33,009 42,004 Other Retirement 505 3,458 3,158 5,236 Excise Taxes 2,701 43,028 64,085 94,593 Estate and Gift Taxes 736 10,538 11,348 20,389 Customs Duties 3,833 47,112 44,866 92,304 Miscellaneous Receipts 8,871 70,007 52,149 111,333 Total Receipts 173,861 2,019,240 2,274,902 3,706,327 (On-Budget) 96,428 1,381,643 1,669,857 2,739,254 (Off-Budget) 77,433 637,597 605,046 967,073Budget Outlays Legislative Branch 443 3,521 3,254 6,048 Judicial Branch 776 5,632 5,374 8,580 Department of Agriculture 12,512 111,466 105,182 154,617 Department of Commerce 1,202 10,498 7,753 17,124 Department of Defense--Military Programs 58,453 461,912 439,296 689,589 Department of Education 8,929 57,886 52,323 159,297 Department of Energy 2,690 21,379 18,753 34,351 Department of Health and Human Services 128,708 2997,981 834,346 1,322,128 Department of Homeland Security 6,031 40,543 38,650 62,152 Department of Housing and Urban Development 4,797 32,452 13,335 36,049 Department of the Interior 1,162 310,506 8,620 17,458 Department of Justice 2,817 24,968 23,163 45,277 Department of Labor 93,869 162,411 23,642 36,390 Department of State 1,658 20,262 19,055 32,169 Department of Transportation 9,839 56,537 46,455 84,659 Department of the Treasury: Interest on Treasury Debt Securities (Gross) 26,503 336,959 354,068 576,465 Other 71,967 578,237 122,950 124,576 Department of Veterans Affairs 19,491 142,945 140,928 214,336 Corps of Engineers 326 5,782 4,272 5,543 Other Defense Civil Programs 5,875 43,456 45,238 64,521 Environmental Protection Agency 753 6,051 5,621 7,498 Executive Office of the President 44 271 272 440 General Services Administration -226 -8 -514 1,222 International Assistance Programs 1,205 16,078 16,477 25,670 National Aeronautics and Space Administration 1,862 14,012 13,132 21,545 National Science Foundation 541 4,537 4,466 7,504 Office of Personnel Management 7,815 70,754 68,613 106,405 Small Business Administration 10,844 25,608 90 -158 Social Security Administration 97,130 761,838 730,000 1,155,231 Independent Agencies 1,531 21,161 17,632 27,498 Allowances ...... ...... ...... 364 Undistributed Offsetting Receipts: Interest 535 -72,053 -77,863 -145,570 Other -7,401 -74,046 -71,040 -109,232 Total Outlays 572,682 3,899,536 3,013,541 4,789,746 (On-Budget) 481,710 3,258,625 2,407,006 3,829,949 (Off-Budget) 90,972 640,912 606,535 959,797 Surplus (+) or Deficit (-) -398,821 -1,880,296 -738,638 -1,083,419 (On-Budget) -385,282 -1,876,981 -737,149 -1,090,695 (Off-Budget) -13,539 -3,315 -1,489 +7,276

1 These estimates are based on the FY 2021 Budget, released by the Office of 3 Outlays increased by $35 million due to additional reporting for the month ofManagement and Budget on February 10, 2020. April 2020.

2 Outlays increased by $137 million due to additional reporting for the month of Note: Details may not add to totals due to rounding.April 2020. ... No Transactions

9

This Month

Receipts GrossReceipts

Refunds(Deduct) Receipts

Current Fiscal Year to Date Prior Fiscal Year to DateClassification Gross

ReceiptsRefunds(Deduct) Receipts Gross

ReceiptsRefunds(Deduct)

Table 4. Receipts of the U.S. Government, May 2020 and Other Periods[$ millions]

Individual Income Taxes Withheld 72,199 899,937 926,710 Presidential Election Campaign Fund 1 16 23 Other 11,783 186,881 461,874 Total -- Individual Income Taxes 83,984 36,224 47,760 1,086,834 194,357 892,477 1,388,607 228,279 1,160,328Corporation Income Taxes 2,402 4,197 -1,795 114,833 28,434 86,399 147,974 34,888 113,086Social Insurance and Retirement Receipts: Employment and General Retirement: Federal Old-Age and Survivors Insurance Trust Fund: Federal Insurance Contributions Act Taxes 65,339 ...... 65,339 515,396 ...... 515,396 481,440 ...... 481,440 Self-Employment Contributions Act Taxes 854 ...... 854 28,174 ...... 28,174 26,039 ...... 26,039 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 1,516 ...... 1,516 -237 ...... -237 Adjustments Attrbutable to Prior Years-SECA ...... ...... ...... -121 ...... -121 -1,115 ...... -1,115 Total -- Federal Old-Age and Survivors Insurance Trust Fund 66,193 ...... 66,193 544,965 ...... 544,965 506,127 ...... 506,127 Federal Disability Insurance Trust Fund: Federal Insurance Contributions Act Taxes 11,095 ...... 11,095 87,520 ...... 87,520 93,392 ...... 93,392 Self-Employment Contributions Act Taxes 145 ...... 145 4,782 ...... 4,782 5,846 ...... 5,846 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 372 ...... 372 -51 ...... -51 Adjustments Attributable to Prior Years-SECA ...... ...... ...... -42 ...... -42 -267 ...... -267 Total -- Federal Disability Insurance Trust Fund 11,240 ...... 11,240 92,632 ...... 92,632 98,919 ...... 98,919 Federal Hospital Insurance Trust Fund: Federal Insurance Contributions Act Taxes 21,366 ...... 21,366 180,130 ...... 180,130 172,116 ...... 172,116 Self-Employment Contributions Act Taxes 376 ...... 376 12,671 ...... 12,671 12,257 ...... 12,257 Adjustments Attributable to Prior Years-FICA ...... ...... ...... 267 ...... 267 -188 ...... -188 Adjustments Attributable to Prior Years-SECA ...... ...... ...... -17 ...... -17 -481 ...... -481 Total -- Federal Hospital Insurance Trust Fund 21,742 ...... 21,742 193,051 ...... 193,051 183,704 ...... 183,704 Railroad Retirement: Rail Pension and Supplemental Annuity 198 2 197 1,973 67 1,905 2,180 2 2,178 Social Security Equivalent Account 159 1 158 1,758 68 1,690 1,949 2 1,947 Total -- Employment and General Retirement 99,533 3 99,529 834,379 136 834,243 792,879 4 792,875 Unemployment Insurance: Deposits by States 11,608 ...... 11,608 26,390 ...... 26,390 27,543 ...... 27,543 Federal Unemployment Taxes 115 3 112 5,601 83 5,518 5,554 188 5,366 Railroad Unemployment Taxes 1 ...... 1 71 ...... 71 100 ...... 100 Total -- Unemployment Insurance 11,724 3 11,720 32,062 83 31,979 33,197 188 33,009 Other Retirement: Federal Employees' Retirement--Employee Share 504 ...... 504 3,439 ...... 3,439 3,139 ...... 3,139 Non-Federal Employees Retirement 2 ...... 2 19 ...... 19 19 ...... 19 Total -- Other Retirement 505 ...... 505 3,458 ...... 3,458 3,158 ...... 3,158 Total -- Social Insurance and Retirement Receipts 111,761 6 111,755 869,899 219 869,680 829,234 193 829,041Excise Taxes: Miscellaneous Excise Taxes 3,019 430 2,589 15,936 5,748 10,189 32,100 4,383 27,717 Airport and Airway Trust Fund -563 9 -571 9,115 16 9,100 9,893 9 9,884 Highway Trust Fund 719 44 675 23,854 245 23,609 26,572 246 26,326 Black Lung Disability Trust Fund 8 ...... 8 131 ...... 131 159 ...... 159 Total -- Excise Taxes 3,183 483 2,701 49,036 6,008 43,028 68,723 4,638 64,085Estate and Gift Taxes 742 6 736 10,928 391 10,538 12,013 665 11,348Customs Duties 4,460 627 3,833 50,972 3,860 47,112 46,486 1,620 44,866Miscellaneous Receipts: Deposit of Earnings, Federal Reserve System 7,587 ...... 7,587 48,601 ...... 48,601 35,303 ...... 35,303 Universal Service Fund 594 ...... 594 5,754 ...... 5,754 6,469 ...... 6,469 All Other 692 1 691 15,677 25 15,652 10,402 26 10,377 Total -- Miscellaneous Receipts 8,872 1 8,871 70,032 25 70,007 52,174 26 52,149Total -- Receipts 215,405 41,544 173,861 2,252,534 233,294 2,019,240 2,545,210 270,308 2,274,902 Total -- On-Budget 137,972 41,544 96,428 1,614,937 233,294 1,381,643 1,940,164 270,308 1,669,857 Total -- Off-Budget 77,433 ...... 77,433 637,597 ...... 637,597 605,046 ...... 605,046

Note: Details may not add to totals due to rounding. (**) Less than absolute value of $500,000... No Transactions

10

This Month

Outlays GrossOutlays

ApplicableReceipts Outlays


OutlaysApplicableReceipts Outlays Gross

OutlaysApplicableReceipts

Table 5. Outlays of the U.S. Government, May 2020 and Other Periods[$ millions]

Legislative Branch: Senate 77 (**) 77 643 1 642 626 1 625 House of Representatives 113 (**) 113 992 2 991 910 2 908 Joint Items 1 ...... 1 12 ...... 12 13 ...... 13 Capitol Police 33 ...... 33 301 ...... 301 274 ...... 274 Congressional Budget Office 4 ...... 4 35 ...... 35 32 ...... 32 Architect of the Capitol 81 (**) 81 522 3 519 408 4 404 Library of Congress 59 (**) 59 473 5 469 462 7 455 Government Printing Office 21 ...... 21 69 ...... 69 67 ...... 67 Government Accountability Office 46 ...... 46 400 ...... 400 391 ...... 391 United States Tax Court 5 ...... 5 36 ...... 36 35 ...... 35 Other Legislative Branch Agencies 6 ...... 6 86 ...... 86 74 ...... 74 Proprietary Receipts from the Public ...... 1 -1 ...... 31 -31 ...... 18 -18 Intrabudgetary Transactions (**) ...... (**) -7 ...... -7 -7 ...... -7 Offsetting Governmental Receipts ...... ...... ...... ...... (**) (**) ...... (**) (**) Total--Legislative Branch 445 2 443 3,563 42 3,521 3,286 32 3,254Judicial Branch: Supreme Court of the United States 9 ...... 9 67 ...... 67 66 ...... 66 Courts of Appeals, District Courts, and Other Judicial Services 779 ...... 779 5,922 ...... 5,922 5,714 ...... 5,714 Other 41 ...... 41 501 ...... 501 467 ...... 467 Proprietary Receipts from the Public ...... 22 -22 ...... 117 -117 ...... 105 -105 Intrabudgetary Transactions -32 ...... -32 -741 ...... -741 -768 ...... -768 Total--Judicial Branch 798 22 776 5,749 117 5,632 5,479 105 5,374Department of Agriculture: Agricultural Research Service 110 ...... 110 907 ...... 907 777 ...... 777 National Institute of Food and Agriculture: Research and Education Activities 80 ...... 80 453 ...... 453 447 ...... 447 Extension Activities 45 ...... 45 310 ...... 310 337 ...... 337 Other -15 ...... -15 48 ...... 48 76 ...... 76 Animal and Plant Health Inspection Service 118 ...... 118 923 ...... 923 788 ...... 788 Food Safety and Inspection Service 84 ...... 84 686 ...... 686 667 ...... 667 Agricultural Marketing Service 86 ...... 86 956 ...... 956 992 ...... 992 Risk Management Agency: Administrative and Operating Expenses 5 ...... 5 43 ...... 43 44 ...... 44 Federal Crop Insurance Corporation Fund 187 17 170 10,189 2,827 7,362 9,075 290 8,785 Farm Service Agency: Salaries and Expenses 101 ...... 101 615 ...... 615 720 ...... 720 USDA Supplemental Assistance (**) ...... (**) 2 ...... 2 (**) ...... (**) Agricultural Disaster Relief Fund (**) ...... (**) (**) ...... (**) (**) ...... (**) Commodity Credit Corporation 329 619 -290 23,528 4,962 18,566 22,156 4,316 17,840 Tobacco Trust Fund ...... ...... ...... ...... ...... ...... 3 ...... 3 Agricultural Credit Insurance Fund 9 3 6 358 29 329 207 31 176 Other 34 ...... 34 158 ...... 158 91 ...... 91 Total--Farm Service Agency 473 621 -148 24,661 4,991 19,670 23,176 4,347 18,829 Natural Resources Conservation Service: Conservation Operations 72 ...... 72 561 ...... 561 480 ...... 480 Farm Security and Rural Investment Programs 176 ...... 176 2,431 ...... 2,431 2,344 ...... 2,344 Other 24 ...... 24 170 ...... 170 127 ...... 127 Rural Development 51 ...... 51 4 ...... 4 -46 ...... -46 Rural Housing Service: Rural Housing Insurance Fund 9 28 -19 497 298 199 475 307 168 Rental Assistance Program 105 ...... 105 811 ...... 811 796 ...... 796 Other 13 ...... 13 116 ...... 116 96 ...... 96 Rural Utilities Service: Rural Electrification and Telecommunications Fund 57 3 54 1,299 77 1,223 617 960 -344 Other 42 2 40 398 35 363 374 42 332 Foreign Agricultural Service 269 ...... 269 1,496 ...... 1,496 1,291 ...... 1,291 Food and Nutrition Service: Supplemental Nutrition Assistance Program 8,551 ...... 8,551 46,818 ...... 46,818 42,924 ...... 42,924 Child Nutrition Programs 1,662 ...... 1,662 17,210 ...... 17,210 17,696 ...... 17,696 Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) 383 ...... 383 3,466 ...... 3,466 3,555 ...... 3,555 Other 55 ...... 55 415 ...... 415 329 ...... 329 Total--Food and Nutrition Service 10,651 ...... 10,651 67,909 ...... 67,909 64,504 ...... 64,504

11

This Month






Table 5. Outlays of the U.S. Government, May 2020 and Other Periods - Continued[$ millions]

Department of Agriculture: - Continued Forest Service: National Forest System 136 ...... 136 1,190 ...... 1,190 1,159 ...... 1,159 Capital Improvement and Maintenance 31 ...... 31 293 ...... 293 250 ...... 250 Wildland Fire Management 141 ...... 141 1,188 ...... 1,188 1,467 ...... 1,467 Forest Service Permanent Appropriations 15 ...... 15 329 ...... 329 353 ...... 353 Other 56 ...... 56 480 ...... 480 425 ...... 425 Total--Forest Service 378 ...... 378 3,479 ...... 3,479 3,654 ...... 3,654 Other 208 3 204 2,014 26 1,988 1,087 29 1,058 Proprietary Receipts from the Public (**) 46 -46 (**) 848 -848 ...... 811 -811 Intrabudgetary Transactions 4 ...... 4 208 ...... 208 -208 ...... -208 Total--Department of Agriculture 13,232 720 12,512 120,568 9,102 111,466 111,968 6,786 105,182Department of Commerce: Economic Development Administration 24 ...... 24 220 ...... 220 181 ...... 181 Bureau of the Census 538 ...... 538 3,760 ...... 3,760 1,527 ...... 1,527 International Trade Administration 31 ...... 31 320 ...... 320 279 ...... 279 National Oceanic and Atmospheric Administration 406 ...... 406 3,805 5 3,800 3,434 7 3,427 National Institute of Standards and Technology 70 ...... 70 705 ...... 705 672 ...... 672 National Telecommunications and Information Administration 96 ...... 96 1,469 (**) 1,469 1,547 1 1,546 Other 35 7 27 268 51 217 203 57 146 Proprietary Receipts from the Public ...... -11 11 ...... -8 8 ...... 25 -25 Intrabudgetary Transactions (**) ...... (**) 1 ...... 1 2 ...... 2 Offsetting Governmental Receipts ...... (**) (**) ...... 1 -1 ...... 1 -1 Total--Department of Commerce 1,199 -3 1,202 10,547 49 10,498 7,844 91 7,753Department of Defense--Military Programs: Military Personnel: Department of the Army 4,827 ...... 4,827 40,725 ...... 40,725 42,373 ...... 42,373 Department of the Navy 3,989 ...... 3,989 34,408 ...... 34,408 34,907 ...... 34,907 Department of the Air Force 3,145 ...... 3,145 26,738 ...... 26,738 26,495 ...... 26,495 Defense Agencies ...... ...... ...... 8,505 ...... 8,505 7,909 ...... 7,909 Total--Military Personnel 11,961 ...... 11,961 110,376 ...... 110,376 111,684 ...... 111,684 Operation and Maintenance: Department of the Army 5,892 ...... 5,892 49,052 ...... 49,052 45,842 ...... 45,842 Department of the Navy 5,484 ...... 5,484 43,460 ...... 43,460 41,900 ...... 41,900 Department of the Air Force 5,177 ...... 5,177 40,234 ...... 40,234 39,490 ...... 39,490 Defense Agencies 6,651 ...... 6,651 50,277 ...... 50,277 49,778 ...... 49,778 Total--Operation and Maintenance 23,204 ...... 23,204 183,023 ...... 183,023 177,009 ...... 177,009 International Reconstruction and Other Assistance: Department of the Army ...... ...... ...... (**) ...... (**) 6 ...... 6 Procurement: Department of the Army 2,030 ...... 2,030 15,902 ...... 15,902 13,273 ...... 13,273 Department of the Navy 4,729 ...... 4,729 35,680 ...... 35,680 30,942 ...... 30,942 Department of the Air Force 5,665 ...... 5,665 36,885 ...... 36,885 31,196 ...... 31,196 Defense Agencies 655 ...... 655 5,932 ...... 5,932 4,971 ...... 4,971 Total--Procurement 13,079 ...... 13,079 94,400 ...... 94,400 80,383 ...... 80,383 Research, Development, Test, and Evaluation: Department of the Army 977 ...... 977 8,182 ...... 8,182 5,793 ...... 5,793 Department of the Navy 2,055 ...... 2,055 12,491 ...... 12,491 12,239 ...... 12,239 Department of the Air Force 3,701 ...... 3,701 28,670 ...... 28,670 28,104 ...... 28,104 Defense Agencies 1,926 ...... 1,926 15,494 ...... 15,494 14,741 ...... 14,741 Total--Research, Development, Test, and Evaluation 8,659 ...... 8,659 64,837 ...... 64,837 60,877 ...... 60,877 Military Construction: Department of the Army 64 ...... 64 1,362 ...... 1,362 1,587 ...... 1,587 Department of the Navy 160 ...... 160 1,140 ...... 1,140 1,012 ...... 1,012 Department of the Air Force 170 ...... 170 1,162 ...... 1,162 829 ...... 829 Defense Agencies 207 ...... 207 1,920 ...... 1,920 1,776 ...... 1,776 Total--Military Construction 601 ...... 601 5,585 ...... 5,585 5,203 ...... 5,203 Family Housing: Department of the Army 26 ...... 26 281 ...... 281 278 ...... 278 Department of the Navy 35 ...... 35 187 ...... 187 172 ...... 172 Department of the Air Force 30 ...... 30 229 ...... 229 209 ...... 209 Defense Agencies 60 ...... 60 85 (**) 85 49 (**) 48 Revolving and Management Funds:

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This Month







Department of Defense--Military Programs: - Continued Department of the Navy 180 ...... 180 228 ...... 228 43 ...... 43 Defense Agencies: Working Capital Fund 746 ...... 746 3,649 ...... 3,649 3,675 ...... 3,675 Other -4 ...... -4 59 ...... 59 101 ...... 101 Allowances -5 ...... -5 3 ...... 3 84 ...... 84 Trust Funds: Department of the Army 1 ...... 1 9 ...... 9 1 ...... 1 Department of the Navy 1 ...... 1 16 ...... 16 22 ...... 22 Department of the Air Force (**) ...... (**) 2 ...... 2 2 ...... 2 Defense Agencies 39 ...... 39 275 ...... 275 212 ...... 212 Proprietary Receipts from the Public: Department of the Army ...... -25 25 ...... 4 -4 ...... -440 440 Department of the Navy ...... 10 -10 ...... 26 -26 ...... 78 -78 Department of the Air Force ...... -44 44 ...... 133 -133 ...... 161 -161 Defense Agencies ...... 174 -174 ...... 494 -494 ...... 983 -983 Intrabudgetary Transactions: Department of the Army -15 ...... -15 -43 ...... -43 163 ...... 163 Department of the Navy -8 ...... -8 -20 ...... -20 -40 ...... -40 Department of the Air Force -28 ...... -28 -38 ...... -38 -45 ...... -45 Defense Agencies 9 ...... 9 -70 ...... -70 -9 ...... -9 Offsetting Governmental Receipts: Department of the Army ...... ...... ...... ...... 4 -4 ...... (**) (**) Defense Agencies ...... ...... ...... ...... 500 -500 ...... ...... ...... Total--Department of Defense--Military Programs 58,568 115 58,453 463,074 1,162 461,912 440,078 782 439,296Department of Education: Office of Elementary and Secondary Education: Accelerating Achievement and Ensuring Equity 1,298 ...... 1,298 11,068 ...... 11,068 11,214 ...... 11,214 Impact Aid 63 ...... 63 1,448 ...... 1,448 1,376 ...... 1,376 Education Improvement Programs 336 ...... 336 3,219 ...... 3,219 3,025 ...... 3,025 Other 3,772 ...... 3,772 4,767 ...... 4,767 202 ...... 202 Total--Office of Elementary and Secondary Education 5,469 ...... 5,469 20,503 ...... 20,503 15,817 ...... 15,817 Office of Innovation and Improvement 69 ...... 69 525 ...... 525 693 ...... 693 Office of English Language Acquisition 46 ...... 46 499 ...... 499 531 ...... 531 Office of Special Education and Rehabilitative Services: Special Education 1,093 ...... 1,093 8,847 ...... 8,847 8,714 ...... 8,714 Rehabilitation Services and Disability Research 240 ...... 240 2,217 ...... 2,217 2,197 ...... 2,197 Special Institutions for Persons with Disabilities 18 ...... 18 170 ...... 170 158 ...... 158 Office of Vocational and Adult Education 115 ...... 115 1,109 ...... 1,109 1,139 ...... 1,139 Office of Postsecondary Education: Higher Education 175 ...... 175 1,542 ...... 1,542 1,574 ...... 1,574 Other (**) (**) -1 206 2 204 176 3 173 Total--Office of Postsecondary Education 174 (**) 174 1,748 2 1,746 1,750 3 1,747 Office of Federal Student Aid: Student Financial Assistance 990 ...... 990 18,888 ...... 18,888 19,617 ...... 19,617 Student Aid Administration 175 ...... 175 1,134 ...... 1,134 1,087 ...... 1,087 Federal Student Loan Reserve Fund ...... ...... ...... ...... ...... ...... -110 ...... -110 Federal Direct Student Loans ...... ...... ...... 5,245 ...... 5,245 5,169 ...... 5,169 Federal Family Education Loans -7 ...... -7 -149 ...... -149 -142 ...... -142 Other (**) (**) (**) 16 4 12 17 5 12 Total--Office of Federal Student Aid 1,158 (**) 1,157 25,134 4 25,129 25,637 5 25,631 Institute of Education Sciences 39 ...... 39 379 ...... 379 445 ...... 445 Departmental Management 40 ...... 40 369 ...... 369 381 ...... 381 Other 23 ...... 23 192 ...... 192 286 ...... 286 Proprietary Receipts from the Public ...... -449 449 ...... 3,868 -3,868 ...... 5,447 -5,447 Intrabudgetary Transactions -4 ...... -4 69 ...... 69 30 ...... 30 Total--Department of Education 8,481 -448 8,929 61,761 3,874 57,886 57,778 5,455 52,323Department of Energy: National Nuclear Security Administration: Naval Reactors 182 ...... 182 987 ...... 987 983 ...... 983 Weapons Activities 903 ...... 903 7,493 ...... 7,493 6,960 ...... 6,960 Defense Nuclear Nonproliferation 152 ...... 152 1,346 ...... 1,346 1,162 ...... 1,162 Other 29 ...... 29 277 ...... 277 272 ...... 272

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This Month







Department of Energy: - Continued Environmental and Other Defense Activities: Defense Environmental Cleanup 373 ...... 373 4,007 ...... 4,007 3,798 ...... 3,798 Other Defense Activities 53 ...... 53 593 ...... 593 519 ...... 519 Defense Nuclear Waste Disposal (**) ...... (**) 1 ...... 1 1 ...... 1 Energy Programs: Science 484 ...... 484 4,027 ...... 4,027 3,732 ...... 3,732 Energy Supply 160 ...... 160 1,222 ...... 1,222 1,074 ...... 1,074 Energy Efficiency and Renewable Energy 155 ...... 155 1,366 ...... 1,366 1,211 ...... 1,211 Fossil Energy Research and Development 55 ...... 55 430 ...... 430 411 ...... 411 Uranium Enrichment Decontamination and Decommissioning Fund 107 ...... 107 563 ...... 563 533 ...... 533 Advanced Technology Vehicles Manufacturing Loan Program (**) ...... (**) 2 ...... 2 2 ...... 2 Title 17 Innovative Technology Loan Guarantee Program 2 ...... 2 130 ...... 130 7 ...... 7 Other 112 9 102 817 78 738 750 79 671 Total--Energy Programs 1,076 9 1,067 8,557 78 8,479 7,719 79 7,640 Power Marketing Administration 489 313 176 2,822 2,615 207 2,643 2,688 -45 Departmental Administration 25 ...... 25 125 ...... 125 196 ...... 196 Proprietary Receipts from the Public ...... 113 -113 ...... 1,084 -1,084 ...... 1,653 -1,653 Intrabudgetary Transactions -158 ...... -158 -1,052 ...... -1,052 -1,081 ...... -1,081 Total--Department of Energy 3,125 435 2,690 25,156 3,777 21,379 23,172 4,420 18,753Department of Health and Human Services: Food and Drug Administration 562 1 561 2,412 6 2,406 2,303 6 2,296 Health Resources and Services Administration 919 ...... 919 7,870 ...... 7,870 7,708 ...... 7,708 Indian Health Service 332 ...... 332 5,302 ...... 5,302 4,483 ...... 4,483 Centers for Disease Control and Prevention 808 ...... 808 5,558 ...... 5,558 5,134 ...... 5,134 National Institutes of Health 2,845 ...... 2,845 24,254 ...... 24,254 23,486 ...... 23,486 Substance Abuse and Mental Health Services Administration 395 ...... 395 3,438 ...... 3,438 2,669 ...... 2,669 Agency for Healthcare Research and Quality 28 ...... 28 227 ...... 227 213 ...... 213 Centers for Medicare and Medicaid Services: Grants to States for Medicaid 39,862 ...... 39,862 292,776 ...... 292,776 268,533 ...... 268,533 Payments to Health Care Trust Funds 30,463 ...... 30,463 246,233 ...... 246,233 238,631 ...... 238,631 Children's Health Insurance Fund 1,264 ...... 1,264 10,738 ...... 10,738 11,826 ...... 11,826 State Grants and Demonstrations 23 ...... 23 220 ...... 220 222 ...... 222 Federal Hospital Insurance Trust Fund: Benefit Payments -2,489 ...... -2,489 280,990 ...... 280,990 225,848 ...... 225,848 Administrative Expenses 299 ...... 299 2,336 ...... 2,336 2,727 ...... 2,727 Total--Federal Hospital Insurance Trust Fund -2,190 ...... -2,190 283,326 ...... 283,326 228,575 ...... 228,575 Health Care Fraud and Abuse Control 145 ...... 145 1,253 ...... 1,253 1,152 ...... 1,152 Federal Supplementary Medical Insurance Trust Fund: Benefit Payments 55,006 ...... 55,006 276,759 ...... 276,759 252,148 ...... 252,148 Administrative Expenses 303 ...... 303 2,935 ...... 2,935 2,580 ...... 2,580 Medicare Prescription Drugs: Benefit Payments 7,862 ...... 7,862 58,497 ...... 58,497 62,945 ...... 62,945 Total--Federal Supplementary Medical Insurance Trust Fund 63,171 ...... 63,171 338,191 ...... 338,191 317,673 ...... 317,673 Other 9 ...... 9 3,684 ...... 3,684 5,123 ...... 5,123 Total--Centers for Medicare and Medicaid Services 132,747 ...... 132,747 1,176,420 ...... 1,176,420 1,071,735 ...... 1,071,735 Administration for Children and Families: Temporary Assistance for Needy Families 1,147 ...... 1,147 11,397 ...... 11,397 10,340 ...... 10,340 Contingency Fund 52 ...... 52 425 ...... 425 270 ...... 270 Payments to States for Child Support Enforcement and Family Support Programs 227 ...... 227 2,462 ...... 2,462 2,400 ...... 2,400 Low Income Home Energy Assistance 208 ...... 208 2,817 ...... 2,817 2,969 ...... 2,969 Refugee and Entrant Assistance 168 ...... 168 1,251 ...... 1,251 1,583 ...... 1,583 Child Care Entitlement to States 266 ...... 266 2,069 ...... 2,069 2,007 ...... 2,007 Payments to States for the Child Care and Development Block Grant 747 ...... 747 3,732 ...... 3,732 2,339 ...... 2,339 Social Services Block Grant 136 ...... 136 1,177 ...... 1,177 1,162 ...... 1,162 Children and Families Services Programs 958 ...... 958 8,309 ...... 8,309 7,989 ...... 7,989 Payments to States for Foster Care and Adoption Assistance 731 ...... 731 5,738 ...... 5,738 5,577 ...... 5,577 Other 47 ...... 47 378 ...... 378 355 ...... 355 Total--Administration for Children and Families 4,688 ...... 4,688 39,753 ...... 39,753 36,990 ...... 36,990

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This Month







Department of Health and Human Services: - Continued Administration for Community Living 157 ...... 157 1,514 ...... 1,514 1,374 ...... 1,374 Departmental Management 27,072 ...... 27,072 68,571 ...... 68,571 2,104 ...... 2,104 Other 124 ...... 124 702 ...... 702 576 ...... 576 Proprietary Receipts from the Public ...... 11,556 -11,556 ...... 91,378 1-91,378 ...... 85,074 -85,074 Intrabudgetary Transactions: Payments for Health Insurance for the Aged: Federal Supplementary Medical Insurance Trust Fund -30,467 ...... -30,467 -238,642 ...... -238,642 -221,745 ...... -221,745 Payments for Tax and Other Credits: Federal Hospital Insurance Trust Fund -1 ...... -1 -7,601 ...... -7,601 -16,909 ...... -16,909 Other 55 ...... 55 -413 ...... -413 -694 ...... -694 Total--Department of Health and Human Services 140,264 11,556 128,708 1,089,365 91,384 997,981 919,426 85,081 834,346Department of Homeland Security: Departmental Management and Operations 140 ...... 140 1,089 ...... 1,089 890 ...... 890 Citizenship and Immigration Services 334 ...... 334 2,905 ...... 2,905 2,672 ...... 2,672 United States Secret Service 237 ...... 237 1,666 ...... 1,666 1,505 ...... 1,505 Transportation Security Administration 657 ...... 657 4,703 ...... 4,703 3,991 ...... 3,991 Immigration and Customs Enforcement 617 ...... 617 5,363 ...... 5,363 4,962 ...... 4,962 U.S. Customs and Border Protection 1,185 2 1,183 10,973 19 10,954 9,874 19 9,855 United States Coast Guard 992 ...... 992 7,650 ...... 7,650 7,859 ...... 7,859 National Protection and Programs Directorate 128 ...... 128 1,206 ...... 1,206 1,300 ...... 1,300 Federal Emergency Management Agency: State and Local Programs 3 ...... 3 153 ...... 153 443 ...... 443 Firefighter Assistance Grants 6 ...... 6 87 ...... 87 224 ...... 224 Disaster Relief 2,671 ...... 2,671 10,777 ...... 10,777 10,891 ...... 10,891 National Flood Insurance Fund 60 236 -176 1,387 1,184 203 1,797 990 807 Other 93 ...... 93 828 ...... 828 854 ...... 854 Total--Federal Emergency Management Agency 2,833 236 2,597 13,232 1,184 12,048 14,209 990 13,219 Science and Technology 66 ...... 66 541 ...... 541 604 ...... 604 Domestic Nuclear Detection Office 17 ...... 17 165 ...... 165 181 ...... 181 Other 35 ...... 35 328 ...... 328 304 ...... 304 Proprietary Receipts from the Public ...... 79 -79 ...... 623 -623 ...... 639 -639 Intrabudgetary Transactions -140 ...... -140 -50 ...... -50 -33 ...... -33 Offsetting Governmental Receipts ...... 752 -752 ...... 7,402 -7,402 ...... 8,019 -8,019 Total--Department of Homeland Security 7,100 1,068 6,031 49,771 9,228 40,543 48,317 9,667 38,650Department of Housing and Urban Development: Public and Indian Housing Programs: Tenant Based Rental Assistance 2,332 ...... 2,332 15,911 ...... 15,911 14,744 ...... 14,744 Housing Certificate Fund 4 ...... 4 102 ...... 102 122 ...... 122 Public Housing Capital Fund 132 ...... 132 1,489 ...... 1,489 1,374 ...... 1,374 Public Housing Operating Fund 396 ...... 396 2,991 ...... 2,991 2,771 ...... 2,771 Revitalization of Severely Distressed Public Housing (Hope VI) (**) ...... (**) 3 ...... 3 10 ...... 10 Native American Housing Block Grant 30 ...... 30 395 ...... 395 455 ...... 455 Other 17 ...... 17 123 ...... 123 107 ...... 107 Total--Public and Indian Housing Programs 2,912 ...... 2,912 21,013 ...... 21,013 19,583 ...... 19,583 Community Planning and Development: Housing Opportunities for Persons with AIDS 47 ...... 47 212 ...... 212 211 ...... 211 Community Development Fund 415 ...... 415 3,419 ...... 3,419 3,557 ...... 3,557 Home Investment Partnership Program 63 ...... 63 540 ...... 540 592 ...... 592 Neighborhood Stabilization Program 4 ...... 4 15 ...... 15 12 ...... 12 Homeless Assistance Grants 163 ...... 163 1,451 ...... 1,451 1,446 ...... 1,446 Other 15 ...... 15 151 ...... 151 82 ...... 82 Total--Community Planning and Development 706 ...... 706 5,788 ...... 5,788 5,900 ...... 5,900 Housing Programs: Credit Accounts: FHA-Mutual Mortgage Insurance Fund, Program Account 9 ...... 9 73 ...... 73 1,342 ...... 1,342 FHA-Mutual Mortgage Insurance Capital Reserve Account -494 ...... -494 -4,247 ...... -4,247 -22,019 ...... -22,019 FHA-Mutual Mortgage and Cooperative Housing Insurance Fund, Liquidating Account (**) 1 (**) 10 8 2 260 256 3 FHA-General and Special Risk Fund, Program Account ...... ...... ...... ...... ...... ...... 1,284 ...... 1,284 FHA-General and Special Risk Fund, Liquidating Account 8 11 -4 98 153 -55 115 189 -74 Housing for the Elderly or Handicapped Fund, Liquidating Account -9 3 -12 -80 34 -114 -88 31 -119

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This Month







Department of Housing and Urban Development: - Continued HUD Project-Based Rental Assistance 1,101 ...... 1,101 8,471 ...... 8,471 8,024 ...... 8,024 Housing for the Elderly 61 ...... 61 485 ...... 485 483 ...... 483 Housing for Persons with Disabilities 17 ...... 17 131 ...... 131 123 ...... 123 Other Assisted Housing Programs 6 ...... 6 42 ...... 42 59 ...... 59 Other 3 2 1 39 25 14 30 29 1 Total--Housing Programs 702 17 685 5,021 220 4,802 -10,387 505 -10,892 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities 442 (**) 442 348 1 347 -192 2 -194 Management and Administration 142 ...... 142 1,186 ...... 1,186 1,084 ...... 1,084 Other 11 ...... 11 119 ...... 119 129 ...... 129 Proprietary Receipts from the Public: FHA-General and Special Risk Fund ...... 51 -51 ...... 400 -400 ...... 2,010 -2,010 Other ...... 48 -48 ...... 388 -388 ...... 252 -252 Intrabudgetary Transactions (**) ...... (**) -4 ...... -4 -4 ...... -4 Offsetting Governmental Receipts ...... 1 -1 ...... 10 -10 ...... 10 -10 Total--Department of Housing and Urban Development 4,915 117 4,797 33,471 1,019 32,452 16,114 2,778 13,335Department of the Interior: Land and Minerals Management: Bureau of Land Management: Management of Lands and Resources 89 ...... 89 754 ...... 754 714 ...... 714 Other 16 4 12 258 38 220 217 36 181 Bureau of Ocean Energy Management 10 ...... 10 88 ...... 88 85 ...... 85 Office of Surface Mining Reclamation and Enforcement 35 ...... 35 1,758 ...... 1,758 528 ...... 528 Total--Land and Minerals Management 151 4 147 2,857 38 2,820 1,543 36 1,507 Water and Science: Bureau of Reclamation: Water and Related Resources 89 ...... 89 716 ...... 716 652 ...... 652 Other 46 20 26 440 152 288 511 250 261 Central Utah Project 3 ...... 3 28 ...... 28 17 ...... 17 United States Geological Survey 100 ...... 100 776 ...... 776 746 ...... 746 Total--Water and Science 238 20 218 1,961 152 1,809 1,927 250 1,676 Fish and Wildlife and Parks: United States Fish and Wildlife Service 195 ...... 195 1,979 ...... 1,979 1,870 ...... 1,870 National Park Service 218 ...... 218 2,193 ...... 2,193 2,026 ...... 2,026 Total--Fish and Wildlife and Parks 413 ...... 413 4,172 ...... 4,172 3,896 ...... 3,896 Indian Affairs: Bureau of Indian Affairs and Bureau of Indian Education 284 (**) 284 2,432 (**) 2,432 1,911 (**) 1,911 Total--Indian Affairs 284 (**) 284 2,432 (**) 2,432 1,911 (**) 1,911 Departmental Offices: Mineral Leasing and Associated Payments 93 ...... 93 1,124 ...... 1,124 1,585 ...... 1,585 Other 16 ...... 16 514 ...... 514 392 ...... 392 Insular Affairs 15 ...... 15 240 ...... 240 203 ...... 203 Office of the Special Trustee for American Indians 8 ...... 8 71 ...... 71 80 ...... 80 Department-Wide Programs 262 ...... 262 793 ...... 793 889 ...... 889 Total--Departmental Offices 393 ...... 393 2,742 ...... 2,742 3,149 ...... 3,149 Other 58 (**) 58 2 672 (**) 672 391 ...... 391 Proprietary Receipts from the Public ...... 344 -344 ...... 3,961 3-3,961 ...... 4,587 -4,587 Intrabudgetary Transactions -7 ...... -7 -179 (**) -179 677 ...... 677 Total--Department of the Interior 1,530 368 1,162 14,657 4,151 10,506 13,494 4,874 8,620Department of Justice: General Administration -62 ...... -62 415 ...... 415 837 ...... 837 Legal Activities and U.S. Marshals: General Legal Activities 121 ...... 121 1,441 ...... 1,441 2,500 ...... 2,500 United States Attorneys 180 ...... 180 1,455 ...... 1,455 1,234 ...... 1,234 United States Marshals Service 101 ...... 101 933 ...... 933 871 ...... 871 Assets Forfeiture Fund 76 ...... 76 1,868 ...... 1,868 1,660 ...... 1,660 Other 191 ...... 191 1,630 ...... 1,630 1,449 ...... 1,449 Federal Bureau of Investigation 765 ...... 765 6,353 ...... 6,353 6,187 ...... 6,187 Drug Enforcement Administration 237 ...... 237 1,850 ...... 1,850 1,701 ...... 1,701 Bureau of Alcohol, Tobacco, Firearms, and Explosives 106 ...... 106 884 ...... 884 840 ...... 840 Federal Prison System 609 24 586 5,251 213 5,038 4,927 241 4,687 Office of Justice Programs:

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This Month







Department of Justice: - Continued State and Local Law Enforcement Assistance 207 ...... 207 1,324 ...... 1,324 840 ...... 840 Community Oriented Policing Services 13 ...... 13 107 ...... 107 115 ...... 115 Crime Victims Fund 221 ...... 221 1,746 ...... 1,746 1,481 ...... 1,481 Other 87 ...... 87 531 ...... 531 633 ...... 633 Other 47 ...... 47 543 ...... 543 417 ...... 417 Proprietary Receipts from the Public ...... 19 -19 ...... 457 -457 ...... 1,574 -1,574 Intrabudgetary Transactions 33 ...... 33 -191 ...... -191 -221 ...... -221 Offsetting Governmental Receipts ...... 74 -74 ...... 502 -502 ...... 495 -495 Total--Department of Justice 2,933 117 2,817 26,141 1,173 24,968 25,472 2,309 23,163Department of Labor: Employment and Training Administration: Training and Employment Services 252 ...... 252 2,194 ...... 2,194 2,184 ...... 2,184 Office of Job Corps 119 ...... 119 1,073 ...... 1,073 1,018 ...... 1,018 Community Service Employment for Older Americans 31 ...... 31 261 ...... 261 261 ...... 261 Federal Unemployment Benefits and Allowances 21 ...... 21 206 ...... 206 233 ...... 233 Federal Additional Unemployment Compensation Program-Recovery Act 64,185 ...... 64,185 91,092 ...... 91,092 -2 ...... -2 State Unemployment Insurance and Employment Service Operations 131 ...... 131 106 ...... 106 -294 ...... -294 Payments to the Unemployment Trust Fund 13,140 ...... 13,140 82,583 ...... 82,583 2 ...... 2 Program Administration 11 ...... 11 74 ...... 74 71 ...... 71 Unemployment Trust Fund: Federal-State Unemployment Insurance: State Unemployment Benefits 29,676 ...... 29,676 67,196 ...... 67,196 19,101 ...... 19,101 State Administrative Expenses 205 ...... 205 2,331 ...... 2,331 2,614 ...... 2,614 Federal Administrative Expenses 27 ...... 27 389 ...... 389 363 ...... 363 Other (**) ...... (**) 2 ...... 2 4 ...... 4 Total--Unemployment Trust Fund 29,908 ...... 29,908 69,918 ...... 69,918 22,081 ...... 22,081 Other -347 ...... -347 -347 ...... -347 18 ...... 18 Total--Employment and Training Administration 107,451 ...... 107,451 247,161 ...... 247,161 25,574 ...... 25,574 Pension Benefit Guaranty Corporation 550 1,460 -909 4,354 8,764 -4,410 4,317 8,270 -3,954 Office of Workers' Compensation Programs: Special Benefits 218 ...... 218 -688 ...... -688 -732 ...... -732 Energy Employees Occupational Illness Compensation Fund 67 ...... 67 1,051 ...... 1,051 945 ...... 945 Special Benefits for Disabled Coal Miners 5 ...... 5 43 ...... 43 47 ...... 47 Black Lung Disability Trust Fund 17 ...... 17 142 ...... 142 144 ...... 144 Other 30 ...... 30 238 ...... 238 242 ...... 242 Wage and Hour Division 21 ...... 21 179 ...... 179 173 ...... 173 Occupational Safety and Health Administration 59 ...... 59 397 ...... 397 372 ...... 372 Mine Safety and Health Administration 34 ...... 34 246 ...... 246 239 ...... 239 Bureau of Labor Statistics 52 ...... 52 364 ...... 364 358 ...... 358 Departmental Management 10 ...... 10 282 ...... 282 323 ...... 323 Other 33 ...... 33 224 ...... 224 210 ...... 210 Proprietary Receipts from the Public ...... (**) (**) ...... 5 -5 ...... 4 -4 Intrabudgetary Transactions -13,217 ...... -13,217 -82,813 ...... -82,813 -294 ...... -294 Total--Department of Labor 95,329 1,460 93,869 171,180 8,768 162,411 31,916 8,274 23,642Department of State: Administration of Foreign Affairs: Diplomatic and Consular Programs 734 ...... 734 5,938 ...... 5,938 6,519 ...... 6,519 Educational and Cultural Exchange Programs 38 ...... 38 454 ...... 454 429 ...... 429 Embassy Security, Construction, and Maintenance -293 ...... -293 1,060 ...... 1,060 659 ...... 659 Payment to Foreign Service Retirement and Disability Fund 136 ...... 136 425 ...... 425 159 ...... 159 Foreign Service Retirement and Disability Fund 85 ...... 85 669 ...... 669 654 ...... 654 Other 88 ...... 88 2,308 ...... 2,308 1,982 ...... 1,982 Total--Administration of Foreign Affairs 788 ...... 788 10,852 ...... 10,852 10,402 ...... 10,402 International Organizations and Conferences 43 ...... 43 2,675 ...... 2,675 2,145 ...... 2,145 Global Health and Child Survival 583 ...... 583 6,149 ...... 6,149 6,152 ...... 6,152 Migration and Refugee Assistance 273 ...... 273 1,709 ...... 1,709 1,890 ...... 1,890 International Narcotics Control and Law Enforcement 107 ...... 107 687 ...... 687 674 ...... 674 Andean Counterdrug Programs ...... ...... ...... (**) ...... (**) (**) ...... (**) Other 53 ...... 53 372 ...... 372 364 ...... 364 Proprietary Receipts from the Public ...... 53 -53 ...... 1,694 -1,694 ...... 2,352 -2,352 Intrabudgetary Transactions -136 ...... -136 -489 ...... -489 -221 ...... -221 Total--Department of State 1,712 53 1,658 21,956 1,694 20,262 21,407 2,352 19,055

17

This Month







Department of Transportation: Office of the Secretary 55 ...... 55 417 ...... 417 465 ...... 465 Federal Aviation Administration: Operations -944 ...... -944 -878 ...... -878 757 ...... 757 Airport and Airway Trust Fund: Grants-In-Aid for Airports 524 ...... 524 -7,802 ...... -7,802 1,579 ...... 1,579 Facilities and Equipment 217 ...... 217 1,816 ...... 1,816 1,753 ...... 1,753 Research, Engineering, and Development 13 ...... 13 96 ...... 96 97 ...... 97 Trust Fund Share of FAA Operations 1,714 ...... 1,714 7,756 ...... 7,756 5,850 ...... 5,850 Total--Airport and Airway Trust Fund 2,467 ...... 2,467 1,865 ...... 1,865 9,278 ...... 9,278 Other 11 -13 23 10,392 22 10,369 488 24 464 Total--Federal Aviation Administration 1,534 -13 1,547 11,379 22 11,357 10,523 24 10,499 Federal Highway Administration: Highway Trust Fund: Federal-Aid Highways 3,762 ...... 3,762 27,109 ...... 27,109 25,060 ...... 25,060 Other -4 ...... -4 (**) ...... (**) 5 ...... 5 Other Programs 224 ...... 224 1,264 ...... 1,264 768 ...... 768 Total--Federal Highway Administration 3,982 ...... 3,982 28,372 ...... 28,372 25,833 ...... 25,833 Federal Motor Carrier Safety Administration 43 ...... 43 410 ...... 410 368 ...... 368 National Highway Traffic Safety Administration 78 ...... 78 665 ...... 665 650 ...... 650 Federal Railroad Administration: Capital and Debt Service Grants to the National Railroad Passenger Corporation (**) ...... (**) 1 ...... 1 2 ...... 2 Other 36 ...... 36 3,230 -47 3,277 948 ...... 948 Total--Federal Railroad Administration 37 ...... 37 3,231 -47 3,278 950 ...... 950 Federal Transit Administration: Formula Grants 1 ...... 1 3 ...... 3 7 ...... 7 Capital Investment Grants 213 ...... 213 1,306 ...... 1,306 955 ...... 955 Transit Formula Grants 610 ...... 610 6,121 ...... 6,121 5,707 ...... 5,707 Other 3,339 ...... 3,339 4,193 ...... 4,193 678 ...... 678 Total--Federal Transit Administration 4,163 ...... 4,163 11,623 ...... 11,623 7,347 ...... 7,347 Maritime Administration 47 (**) 47 297 1 297 249 3 246 Other 10 (**) 10 360 29 331 338 26 312 Proprietary Receipts from the Public ...... 25 -25 ...... 87 -87 ...... 84 -84 Intrabudgetary Transactions: Other (**) ...... (**) (**) ...... (**) -1 ...... -1 Offsetting Governmental Receipts ...... 98 -98 ...... 127 -127 ...... 130 -130 Total--Department of Transportation 9,949 111 9,839 56,755 218 56,537 46,722 267 46,455Department of the Treasury: Departmental Offices: Exchange Stabilization Fund 1,504 1 1,503 11,542 195 11,348 35 395 -360 Housing and Economic Recovery Programs (**) ...... (**) 1 ...... 1 1 ...... 1 Troubled Asset Relief Program -14 ...... -14 508 ...... 508 1,019 ...... 1,019 ESF - Economic Stabilization Program 2,230 ...... 2,230 2,230 ...... 2,230 ...... ...... ...... Air Carrier Worker Support 4,653 ...... 4,653 17,201 ...... 17,201 ...... ...... ...... Coronavirus Relief Fund 4,722 ...... 4,722 146,633 ...... 146,633 ...... ...... ...... Other 228 ...... 228 1,111 ...... 1,111 1,151 ...... 1,151 Bureau of the Fiscal Service: Payment to the Resolution Funding Corporation ...... ...... ...... 1,793 ...... 1,793 1,976 ...... 1,976 Financial Agent Services 66 ...... 66 539 ...... 539 548 ...... 548 Claims, Judgements, and Relief Acts 96 ...... 96 1,624 ...... 1,624 1,322 ...... 1,322 Other 99 (**) 99 1,724 1 1,723 811 (**) 811 Total--Bureau of the Fiscal Service 262 (**) 262 5,680 1 5,679 4,658 (**) 4,658 Federal Financing Bank -75 ...... -75 -984 ...... -984 -1,210 ...... -1,210 Alcohol and Tobacco Tax and Trade Bureau: Salaries and Expenses 10 ...... 10 79 ...... 79 75 ...... 75 Internal Revenue Collections for Puerto Rico 41 ...... 41 305 ...... 305 288 ...... 288 Bureau of Engraving and Printing -13 ...... -13 20 ...... 20 -36 ...... -36 United States Mint 369 260 109 1,912 2,041 -129 1,077 1,363 -286 Internal Revenue Service: Taxpayer Services 205 ...... 205 1,662 ...... 1,662 1,691 ...... 1,691 Enforcement 347 ...... 347 3,079 ...... 3,079 2,946 ...... 2,946

18

This Month







Department of the Treasury: - Continued Operations Support 306 ...... 306 2,937 ...... 2,937 2,857 ...... 2,857 Build America Bond Payments, Recovery Act -1 ...... -1 1,434 ...... 1,434 2,298 ...... 2,298 Refundable Premium Tax Credits and Cost Sharing Reductions 3,885 ...... 3,885 32,695 ...... 32,695 30,120 ...... 30,120 Payment Where Earned Income Credit Exceeds Liability for Tax 1,940 ...... 1,940 52,874 ...... 52,874 57,116 ...... 57,116 Payment Where Child Tax Credit Exceeds Liability for Tax 815 ...... 815 25,618 ...... 25,618 27,780 ...... 27,780 Payment Where American Opportunity Tax Credit Exceeds Liability for Tax 148 ...... 148 2,440 ...... 2,440 2,771 ...... 2,771 Refunding Internal Revenue Collections, Interest 58 ...... 58 1,424 ...... 1,424 1,209 ...... 1,209 Other 451,004 (**) 51,004 5 275,218 (**) 275,218 4,603 (**) 4,603 Total--Internal Revenue Service 58,709 (**) 58,708 399,382 (**) 399,381 133,392 (**) 133,392 Comptroller of the Currency 78 3 75 710 547 163 708 599 109 Interest on the Public Debt: Interest on Treasury Debt Securities (Gross): Public Issues (Accrual Basis) 26,018 ...... 26,018 253,641 ...... 253,641 257,577 ...... 257,577 Special Issues (Cash Basis) 485 ...... 485 83,319 ...... 83,319 96,492 ...... 96,492 Total--Interest on Treasury Debt Securities (Gross) 26,503 ...... 26,503 336,959 ...... 336,959 354,068 ...... 354,068 Total--Interest on the Public Debt 26,503 ...... 26,503 336,959 ...... 336,959 354,068 ...... 354,068 Other 10 ...... 10 81 ...... 81 78 ...... 78 Proprietary Receipts from the Public ...... 227 -227 ...... 3,738 -3,738 ...... 14,381 -14,381 Intrabudgetary Transactions -256 ...... -256 -1,653 ...... -1,653 -1,547 ...... -1,547 Total--Department of the Treasury 98,961 491 98,471 921,718 6,522 915,197 493,758 16,739 477,018Department of Veterans Affairs: Joint DOD-VA Medical Facility Demonstration Fund 48 ...... 48 311 ...... 311 296 ...... 296 Veterans Health Administration: Veterans Choice Fund, Veterans Health Administration 11 ...... 11 135 ...... 135 2,866 ...... 2,866 Medical Services 7,003 ...... 7,003 48,958 ...... 48,958 42,968 ...... 42,968 Medical Support and Compliance 791 ...... 791 5,118 ...... 5,118 4,676 ...... 4,676 Medical Facilities 566 ...... 566 4,245 ...... 4,245 4,013 ...... 4,013 Other 110 25 84 872 288 585 844 319 526 Benefits Programs: Public Enterprise Funds: Housing Accounts (**) 1 -1 1 6 -6 1 8 -7 Other 64 215 -151 545 1,155 -610 617 618 -1 Compensation and Pensions 9,497 ...... 9,497 72,439 ...... 72,439 73,729 ...... 73,729 Readjustment Benefits 994 ...... 994 9,295 ...... 9,295 9,991 ...... 9,991 Veterans Housing Benefit Program Fund (**) ...... (**) 91 ...... 91 165 ...... 165 Insurance Funds: National Service Life 52 ...... 52 427 ...... 427 479 ...... 479 Veterans Special Life 15 1 14 134 34 100 130 39 91 Other 9 ...... 9 73 ...... 73 69 ...... 69 Total--Benefits Programs 10,632 217 10,416 83,005 1,196 81,809 85,182 665 84,517 Departmental Administration: Construction 93 ...... 93 656 ...... 656 1,020 ...... 1,020 Information Technology Systems 405 ...... 405 3,243 ...... 3,243 3,087 ...... 3,087 General Operating Expenses 93 (**) 93 2,099 (**) 2,099 2,142 (**) 2,141 Other 265 ...... 265 1,549 ...... 1,549 1,143 ...... 1,143 Proprietary Receipts from the Public: National Service Life ...... 1 -1 ...... 17 -17 ...... 20 -20 Other ...... 291 -291 ...... 5,762 -5,762 ...... 6,250 -6,250 Intrabudgetary Transactions 9 ...... 9 15 ...... 15 -54 ...... -54 Total--Department of Veterans Affairs 20,026 535 19,491 150,207 7,263 142,945 148,182 7,254 140,928Corps of Engineers: Construction 215 ...... 215 1,776 ...... 1,776 992 ...... 992 Operation and Maintenance -61 ...... -61 2,053 ...... 2,053 2,247 ...... 2,247 Flood Control and Coastal Emergencies 59 ...... 59 531 ...... 531 379 ...... 379 Harbor Maintenance Trust Fund 127 ...... 127 734 ...... 734 ...... ...... ...... Rivers and Harbors Contributed Funds 48 ...... 48 374 ...... 374 244 ...... 244 Other 36 ...... 36 823 ...... 823 868 ...... 868 Proprietary Receipts from the Public ...... 99 -99 ...... 510 -510 ...... 458 -458 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**) Total--Corps of Engineers 425 99 326 6,292 510 5,782 4,730 458 4,272

19

This Month







Other Defense Civil Programs: Military Retirement: Payment to Military Retirement Fund ...... ...... ...... 91,873 ...... 91,873 87,996 ...... 87,996 Military Retirement Fund 5,199 ...... 5,199 41,411 ...... 41,411 44,991 ...... 44,991 Retiree Health Care: Payment to Department of Defense Medicare-Eligible Retiree Health Care Fund ...... ...... ...... 6,637 ...... 6,637 5,720 ...... 5,720 Department of Defense Medicare-Eligible Retiree Health Care Fund 522 ...... 522 7,338 ...... 7,338 7,125 ...... 7,125 Educational Benefits 17 ...... 17 149 ...... 149 158 ...... 158 Other 22 ...... 22 200 ...... 200 202 ...... 202 Proprietary Receipts from the Public ...... 2 -2 ...... 15 -15 ...... 15 -15 Intrabudgetary Transactions 117 ...... 117 -104,136 ...... -104,136 -100,939 ...... -100,939 Total--Other Defense Civil Programs 5,877 2 5,875 43,471 15 43,456 45,253 15 45,238Environmental Protection Agency: Science and Technology 59 ...... 59 498 ...... 498 446 ...... 446 Environmental Programs and Management 225 ...... 225 1,683 ...... 1,683 1,691 ...... 1,691 State and Tribal Assistance Grants 300 ...... 300 2,925 ...... 2,925 2,772 ...... 2,772 Payment to the Hazardous Substance Superfund ...... ...... ...... 1,077 ...... 1,077 1,084 ...... 1,084 Hazardous Substance Superfund 131 ...... 131 1,019 ...... 1,019 854 ...... 854 Other 55 2 53 153 48 106 87 37 49 Proprietary Receipts from the Public ...... 14 -14 ...... 176 -176 ...... 195 -195 Intrabudgetary Transactions 1 ...... 1 -1,062 ...... -1,062 -1,066 ...... -1,066 Offsetting Governmental Receipts ...... 2 -2 ...... 17 -17 ...... 16 -16 Total--Environmental Protection Agency 770 18 753 6,292 241 6,051 5,869 248 5,621Executive Office of the President: The White House 6 ...... 6 42 ...... 42 36 ...... 36 Office of Management and Budget 11 ...... 11 72 ...... 72 70 ...... 70 Unanticipated Needs 3 ...... 3 13 ...... 13 15 ...... 15 Other 24 ...... 24 185 ...... 185 152 ...... 152 Proprietary Receipts from the Public ...... (**) (**) ...... (**) (**) ...... (**) (**) Intrabudgetary Transactions (**) ...... (**) -40 ...... -40 (**) ...... (**) Total--Executive Office of the President 44 (**) 44 271 (**) 271 272 (**) 272General Services Administration: Real Property Activities -142 ...... -142 113 ...... 113 -572 ...... -572 Supply and Technology Activities -114 ...... -114 -270 ...... -270 -83 ...... -83 General Activities 35 ...... 35 189 ...... 189 178 ...... 178 Proprietary Receipts from the Public ...... 4 -4 ...... 33 -33 ...... 29 -29 Intrabudgetary Transactions (**) ...... (**) -8 ...... -8 -8 ...... -8 Total--General Services Administration -222 4 -226 25 33 -8 -486 29 -514International Assistance Programs: Millennium Challenge Corporation 46 ...... 46 390 ...... 390 447 ...... 447 International Security Assistance: Foreign Military Financing Program 282 ...... 282 5,700 ...... 5,700 5,262 ...... 5,262 Economic Support Fund 237 ...... 237 2,712 ...... 2,712 3,000 ...... 3,000 Other 71 ...... 71 840 7 833 871 7 865 Total--International Security Assistance 590 ...... 590 9,252 7 9,245 9,133 7 9,126 Multilateral Assistance: Contribution to the International Development Association ...... ...... ...... 1,097 ...... 1,097 ...... ...... ...... Other 29 ...... 29 947 ...... 947 537 ...... 537 Total--Multilateral Assistance 29 ...... 29 2,044 ...... 2,044 537 ...... 537 Agency for International Development: Development Assistance Program 178 ...... 178 1,588 ...... 1,588 1,529 ...... 1,529 Assistance for Europe, Eurasia and Central Asia 48 ...... 48 427 ...... 427 374 ...... 374 International Disaster Assistance 742 ...... 742 3,152 ...... 3,152 2,447 ...... 2,447 Operating Expenses 86 ...... 86 937 ...... 937 818 ...... 818 Other 121 ...... 121 379 110 269 199 179 19 Proprietary Receipts from the Public ...... 3 -3 ...... 36 -36 ...... 165 -165 Intrabudgetary Transactions -6 ...... -6 -10 ...... -10 -3 ...... -3 Total--Agency for International Development 1,168 3 1,165 6,473 146 6,327 5,365 344 5,021 Overseas Private Investment Corporation: Overseas Private Investment Corporation Accounts 2 ...... 2 38 41 -3 84 103 -19 Proprietary Receipts from the Public ...... ...... ...... ...... 57 -57 ...... 161 -161 Total--Overseas Private Investment Corporation 2 ...... 2 38 98 -60 84 265 -181

20

This Month







International Assistance Programs: - Continued Peace Corps 26 (**) 26 321 1 321 268 (**) 268 Military Sales Program: Foreign Military Sales Trust Fund 3,582 ...... 3,582 24,929 ...... 24,929 22,293 ...... 22,293 Other 9 22 -14 88 25 62 99 (**) 99 Proprietary Receipts from the Public ...... 4,115 -4,115 ...... 27,018 -27,018 ...... 21,196 -21,196 Other 23 127 -105 134 295 -161 65 2 63 Total--International Assistance Programs 5,473 4,268 1,205 43,669 27,591 16,078 38,291 21,814 16,477National Aeronautics and Space Administration: Science 522 ...... 522 4,377 ...... 4,377 4,098 ...... 4,098 Aeronautics 68 ...... 68 562 ...... 562 464 ...... 464 Exploration 465 ...... 465 3,337 ...... 3,337 2,900 ...... 2,900 Cross Agency Support 270 ...... 270 1,812 ...... 1,812 1,910 ...... 1,910 Space Operations 436 ...... 436 2,928 ...... 2,928 2,927 ...... 2,927 Other 102 ...... 102 1,017 ...... 1,017 836 ...... 836 Proprietary Receipts from the Public ...... (**) (**) ...... 20 -20 ...... 1 -1 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) -1 ...... -1 Total--National Aeronautics and Space Administration 1,862 (**) 1,862 14,032 20 14,012 13,133 1 13,132National Science Foundation: Research and Related Activities 451 ...... 451 3,558 ...... 3,558 3,542 ...... 3,542 Education and Human Resources 62 ...... 62 605 ...... 605 606 ...... 606 Other 30 ...... 30 396 ...... 396 347 ...... 347 Proprietary Receipts from the Public ...... 1 -1 ...... 21 -21 ...... 29 -29 Total--National Science Foundation 542 1 541 4,558 21 4,537 4,495 29 4,466Office of Personnel Management: Government Payment for Annuitants, Employees Health and Life Insurance Benefits 1,134 ...... 1,134 8,720 ...... 8,720 8,777 ...... 8,777 Postal Service Retiree Health Benefits Fund 327 ...... 327 2,582 ...... 2,582 2,502 ...... 2,502 Civil Service Retirement and Disability Fund 7,534 ...... 7,534 60,722 ...... 60,722 59,049 ...... 59,049 Employees Life Insurance Fund 287 348 -61 2,164 2,545 -381 2,193 2,836 -643 Employees and Retired Employees Health Benefits Fund 4,078 5,245 -1,167 37,714 38,060 -346 36,913 37,475 -562 Other 59 ...... 59 94 ...... 94 158 ...... 158 Proprietary Receipts from the Public ...... 1 -1 ...... 2 -2 ...... 4 -4 Intrabudgetary Transactions: Postal Service Contributions -6 ...... -6 -612 ...... -612 -637 ...... -637 Civil Service Retirement and Disability Fund: Other -3 ...... -3 -24 ...... -24 -27 ...... -27 Total--Office of Personnel Management 13,409 5,594 7,815 111,361 40,607 70,754 108,927 40,314 68,613Small Business Administration: Salaries and Expenses 322 ...... 322 -178 (**) -178 330 (**) 329 Business Loans Program 2,118 (**) 2,118 10,177 1 10,176 242 (**) 242 Disaster Loans Program 4,674 (**) 4,674 6,353 (**) 6,353 292 (**) 292 Other 3,727 2 3,725 10,547 13 10,533 187 15 172 Proprietary Receipts from the Public ...... -4 4 ...... 1,277 -1,277 ...... 946 -946 Intrabudgetary Transactions (**) ...... (**) (**) ...... (**) (**) ...... (**) Total--Small Business Administration 10,841 -3 10,844 26,899 1,291 25,608 1,051 961 90Social Security Administration: Payments to Social Security Trust Funds 22 ...... 22 29,389 ...... 29,389 27,077 ...... 27,077 Supplemental Security Income Program 5,375 ...... 5,375 40,733 ...... 40,733 44,616 ...... 44,616 Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget): Benefit Payments 79,142 ...... 79,142 621,909 ...... 621,909 586,141 ...... 586,141 Administrative Expenses 140 ...... 140 2,309 ...... 2,309 2,640 ...... 2,640 Total--Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget) 79,282 ...... 79,282 624,218 ...... 624,218 588,781 ...... 588,781 Federal Disability Insurance Trust Fund (Off-Budget): Benefit Payments 12,231 ...... 12,231 96,820 ...... 96,820 96,558 ...... 96,558 Administrative Expenses 282 ...... 282 1,735 ...... 1,735 1,867 ...... 1,867 Total--Federal Disability Insurance Trust Fund (Off-Budget) 12,512 ...... 12,512 98,555 ...... 98,555 98,425 ...... 98,425 Other 244 ...... 244 342 ...... 342 106 ...... 106 Proprietary Receipts from the Public: On-Budget ...... 281 -281 ...... 1,895 -1,895 ...... 1,819 -1,819

21

This Month







Social Security Administration: - Continued Off-Budget ...... 2 -2 ...... 116 -116 ...... 109 -109 Intrabudgetary Transactions: Off-Budget 6 -22 ...... -22 -29,388 ...... -29,388 -27,076 ...... -27,076 Total--Social Security Administration 97,414 284 97,130 763,849 2,011 761,838 731,928 1,928 730,000Independent Agencies: Broadcasting Board of Governors 75 (**) 75 513 (**) 513 500 (**) 500 Bureau of Consumer Financial Protection 54 ...... 54 333 (**) 333 305 (**) 305 Corporation for National and Community Service 66 (**) 66 626 (**) 625 625 2 623 Corporation for Public Broadcasting ...... ...... ...... 540 ...... 540 465 ...... 465 District of Columbia: Courts 28 ...... 28 217 ...... 217 209 (**) 209 General and Special Payments 29 (**) 29 499 62 437 476 55 421 Equal Employment Opportunity Commission 38 (**) 38 268 1 267 255 3 252 Export-Import Bank of the United States 90 184 -94 154 185 -31 578 402 176 Federal Communications Commission: Universal Service Fund 700 ...... 700 5,361 ...... 5,361 6,615 ...... 6,615 Other 216 3 213 1,415 20 1,395 485 15 470 Federal Deposit Insurance Corporation: Deposit Insurance Fund -160 ...... -160 -1,808 ...... -1,808 -5,161 ...... -5,161 FSLIC Resolution Fund (**) (**) (**) 1 9 -8 (**) 14 -13 Total--Federal Deposit Insurance Corporation -160 (**) -160 -1,806 9 -1,815 -5,160 14 -5,174 Federal Drug Control Programs 29 ...... 29 214 ...... 214 168 ...... 168 Federal Housing Finance Agency 26 ...... 26 193 ...... 193 176 ...... 176 Institute of Museum and Library Services 12 (**) 12 140 (**) 140 135 (**) 135 Intelligence Community Management Account 51 ...... 51 378 ...... 378 377 ...... 377 Legal Services Corporation ...... ...... ...... 377 ...... 377 345 ...... 345 National Archives and Records Administration 45 (**) 45 298 17 281 262 11 251 National Credit Union Administration 28 503 -475 563 2,393 -1,830 777 1,160 -382 National Endowment for the Arts 14 (**) 14 110 1 110 104 (**) 104 National Endowment for the Humanities 14 ...... 14 96 (**) 96 86 1 86 National Labor Relations Board 27 (**) 27 185 (**) 185 180 (**) 180 Nuclear Regulatory Commission 89 1 89 613 369 244 602 563 39 Postal Service: Off-Budget: Public Enterprise Funds 6,739 5,842 897 58,935 59,529 -594 60,618 61,100 -483 Other ...... ...... ...... 267 ...... 267 265 ...... 265 Other ...... ...... ...... 57 ...... 57 55 ...... 55 Railroad Retirement Board: Federal Windfall Subsidy 1 ...... 1 10 ...... 10 12 ...... 12 Federal Payments to the Railroad Retirement Accounts (**) ...... (**) 521 ...... 521 567 ...... 567 Railroad Unemployment Insurance Trust Fund: Benefit Payments 17 ...... 17 102 ...... 102 59 ...... 59 Transfer To Administrative Funds 1 ...... 1 12 ...... 12 13 ...... 13 Other (**) ...... (**) (**) ...... (**) ...... ...... ...... Rail Industry Pension Fund: Benefit Payments 466 ...... 466 3,719 ...... 3,719 3,691 ...... 3,691 OASDI Certifications (**) ...... (**) -1 ...... -1 -1 ...... -1 Transfer to Administrative Funds 6 ...... 6 63 ...... 63 64 ...... 64 Other (**) ...... (**) 32 ...... 32 (**) ...... (**) National Railroad Retirement Investment Trust: Administrative Expenses 5 ...... 5 42 ...... 42 40 ...... 40 Transfers to the Railroad Retirement Trust Funds from the National Railroad Retirement Investment Trust 69 ...... 69 1,319 ...... 1,319 1,337 ...... 1,337 Railroad Social Security Equivalent Benefit Account: Benefit Payments 627 ...... 627 5,033 ...... 5,033 4,921 ...... 4,921 Transfer To Administrative Funds 2 ...... 2 21 ...... 21 24 ...... 24 Other 12 ...... 12 -8 ...... -8 -23 ...... -23 Proprietary Receipts from the Public ...... 1,170 -1,170 ...... -857 857 ...... 280 -280 Intrabudgetary Transactions: Other -70 ...... -70 -1,841 ...... -1,841 -1,907 ...... -1,907 Total--Railroad Retirement Board 1,139 1,170 -31 9,025 -857 9,882 8,797 280 8,517 Securities and Exchange Commission 252 (**) 252 705 1 703 839 2 838

22

This Month







Independent Agencies: - Continued Smithsonian Institution 93 ...... 93 787 (**) 787 698 (**) 698 Tennessee Valley Authority 4,907 5,638 -731 38,141 39,258 -1,117 27,739 28,507 -768 Other 309 39 270 3,425 479 2,946 2,701 533 2,168 Total--Independent Agencies 14,910 13,380 1,531 122,629 101,468 21,161 110,279 92,647 17,632Undistributed Offsetting Receipts: Other Interest (**) ...... (**) (**) (**) -1 -1 (**) -1 Employer Share, Employee Retirement: Department of Health and Human Services: Federal Hospital Insurance Trust Fund: Federal Employer Contributions -343 ...... -343 -2,657 ...... -2,657 -2,538 ...... -2,538 Postal Service Employer Contributions -54 ...... -54 -441 ...... -441 -432 ...... -432 Department of State: Foreign Service Retirement and Disability Fund -29 ...... -29 -243 ...... -243 -238 ...... -238 Other Defense Civil Programs: Military Retirement Fund -1,751 ...... -1,751 -22,714 ...... -22,714 -21,446 ...... -21,446 Department of Defense Medicare-Eligible Retiree Health Care Fund ...... ...... ...... -8,050 ...... -8,050 -7,763 ...... -7,763 Office of Personnel Management: Civil Service Retirement and Disability Fund -3,598 ...... -3,598 -24,762 ...... -24,762 -21,044 ...... -21,044 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund: Federal Employer Contributions -1,431 ...... -1,431 -10,602 ...... -10,602 -9,925 ...... -9,925 Federal Disability Insurance Trust Fund: Federal Employer Contributions -243 ...... -243 -1,800 ...... -1,800 -1,914 ...... -1,914 Other (**) ...... (**) -2 ...... -2 -2 ...... -2 Total--Employer Share, Employee Retirement -7,449 ...... -7,449 -71,271 ...... -71,271 -65,303 ...... -65,303 Interest Received by Trust Funds: Judicial Branch: Judicial Survivors Annuity Fund -3 ...... -3 -14 ...... -14 -6 ...... -6 Department of Health and Human Services: Federal Hospital Insurance Trust Fund -390 ...... -390 -4,174 ...... -4,174 -3,565 ...... -3,565 Federal Supplementary Medical Insurance Trust Fund -15 ...... -15 -1,463 ...... -1,463 -1,434 ...... -1,434 Department of Homeland Security: Oil Spill Liability Trust Fund -4 ...... -4 -59 ...... -59 -99 ...... -99 Other -3 ...... -3 -27 ...... -27 -20 ...... -20 Department of Labor: Unemployment Trust Fund -20 ...... -20 -1,122 ...... -1,122 -901 ...... -901 Department of State: Foreign Service Retirement and Disability Fund (**) ...... (**) -268 ...... -268 -277 ...... -277 Department of Transportation: Airport and Airway Trust Fund -32 ...... -32 -226 ...... -226 -188 ...... -188 Department of Veterans Affairs: National Service Life Insurance Fund -1 ...... -1 -46 ...... -46 -58 ...... -58 United States Government Life Insurance Fund (**) ...... (**) (**) ...... (**) (**) ...... (**) Corps of Engineers -9 ...... -9 -110 ...... -110 -146 ...... -146 Other Defense Civil Programs: Military Retirement Fund 1,087 ...... 1,087 -11,559 ...... -11,559 -15,899 ...... -15,899 Educational Benefits Fund (**) ...... (**) -11 ...... -11 -9 ...... -9 Armed Forces Retirement Home (**) ...... (**) -1 ...... -1 -1 ...... -1 Environmental Protection Agency (**) ...... (**) -72 ...... -72 -66 ...... -66 Office of Personnel Management: Civil Service Retirement and Disability Fund -23 ...... -23 -12,744 ...... -12,744 -12,954 ...... -12,954 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund -17 ...... -17 -38,205 ...... -38,205 -40,001 ...... -40,001 Federal Disability Insurance Trust Fund -4 ...... -4 -1,423 ...... -1,423 -1,428 ...... -1,428 Independent Agencies: Railroad Retirement Board -26 ...... -26 -91 ...... -91 -35 ...... -35 Other -2 ...... -2 -28 ...... -28 -16 ...... -16 Other -2 ...... -2 -409 ...... -409 -761 ...... -761 Total--Interest Received by Trust Funds 535 ...... 535 -72,053 ...... -72,053 -77,863 ...... -77,863 Rents and Royalties on the Outer Continental Shelf Lands ...... -48 48 ...... 2,774 -2,774 ...... 4,580 -4,580 Spectrum Auction Proceeds ...... ...... ...... ...... ...... ...... -1,155 ...... -1,155 Total--Undistributed Offsetting Receipts -6,914 -48 -6,866 -143,324 2,774 -146,099 -144,322 4,581 -148,903Total Outlays 613,000 40,318 572,682 4,225,662 326,126 3,899,536 3,333,834 320,293 3,013,541 Total On-Budget 516,183 34,474 481,710 3,525,106 266,481 3,258,625 2,666,089 259,083 2,407,006 Total Off-Budget 96,817 5,845 90,972 700,557 59,645 640,912 667,745 61,210 606,535

23

This Month







Total Surplus (+) or Deficit (-) -398,821 -1,880,296 -738,638 Total On-Budget -385,282 -1,876,981 -737,149 Total Off-Budget -13,539 -3,315 -1,489

MEMORANDUMReceipts Offset Against Outlays (In Millions)

Current ComparableFiscal Year to Period Prior

Date Fiscal YearProprietary Receipts 149,002 156,503Intrabudgetary Transactions 624,991 518,963Governmental Receipts 8,432 10,389 Total Receipts Offset Against Outlays 782,426 685,855

5 Includes $268 billion for Economic Impact Payments to individuals and families.6 Includes FICA and SECA tax credits, non-contributory military service credits,

special benefits for the aged and credit for the unnegotiated OASI benefitchecks.Note: Details may not add to totals due to rounding.... No Transactions

1 Applicable Receipts decreased by $137 million due to additional reporting forthe month of April 2020.

2 Gross Outlays increased by $125 million due to additional reporting for themonth of April 2020.

3 Applicable Receipts increased by $90 million due to additional reporting for themonth of April 2020.

4 Includes $51 billion for Economic Impact Payments to individuals and families. (**) Less than absolute value of $500,000

24

Assets and Liabilities

This Year This Month

Directly Related toBudget Off-Budget Activity This Month

Net Transactions(-) denotes net reduction of either

liability or asset accountsAccount BalancesCurrent Fiscal Year

Close ofThis Month

Fiscal Year to Date Beginning ofThis Year Prior Year

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, May 2020 and Other Periods[$ millions]

Liability Accounts: Borrowing from the Public: Treasury Securities, Issued Under General Financing Authorities: Debt Held by the Public 759,163 3,003,689 441,128 16,809,091 19,053,618 19,812,781 Intragovernmental Holdings 12,926 23,169 69,237 5,910,309 5,920,553 5,933,479 Total Treasury Securities Outstanding 772,088 3,026,858 510,366 22,719,402 24,974,172 25,746,260 Plus Premium on Treasury Securities 392 8,690 2,073 32,781 41,078 41,471 Less Discount on Treasury Securities -787 3,639 3,275 105,621 110,047 109,261 Total Treasury Securities Net of Premium and Discount 773,267 3,031,909 509,164 22,646,560 24,905,202 25,678,469 Agency Securities, Issued Under Special Financing Authorities (See Schedule B; for Other Agency Borrowing, See Schedule C) -704 -1,050 -672 21,455 21,109 20,405 Total Federal Securities 772,563 3,030,859 508,492 22,668,015 24,926,311 25,698,875 Deduct: Federal Securities Held as Investments of Government Accounts (See Schedule D) 12,538 21,506 69,254 5,893,424 5,902,393 5,914,931 Less Discount on Federal Securities Held as Investments of Government Accounts -38 -1,790 1,479 28,201 26,448 26,410 Net Federal Securities Held as Investments of Government Accounts 12,575 23,297 67,775 5,865,224 5,875,945 5,888,520 Total Borrowing from the Public 759,988 3,007,563 440,717 16,802,792 19,050,367 19,810,354 Accrued Interest Payable to the Public -14,763 -2,361 -13,485 73,285 85,687 70,924 Allocations of Special Drawing Rights 198 308 -623 48,146 48,255 48,454

Uninvested Balances, Deposit Funds 1,535 7,478 203,070 26,129 132,071 33,607 Miscellaneous Liability Accounts (Includes Checks Outstanding Etc.) 4,557 25,483 2,263 8,483 29,409 33,966 Total Liability Accounts 751,516 3,038,471 631,942 16,958,835 19,245,790 19,997,306Asset Accounts (Deduct) Cash and Monetary Assets: U.S. Treasury Operating Cash: Federal Reserve Account 2 269,095 1,066,646 -151,838 382,483 1,180,035 1,449,129 Balance 269,095 1,066,646 -151,838 382,483 1,180,035 1,449,129 Special Drawing Rights: Total Holdings 227 445 -481 49,976 50,194 50,421 SDR Certificates Issued to Federal Reserve Banks ...... ...... ...... -5,200 -5,200 -5,200 Balance 227 445 -481 44,776 44,994 45,221 Reserve Position on the U.S. Quota in the IMF: U.S. Subscription to International Monetary Fund: Direct Quota Payments ...... ...... ...... 111,629 111,629 111,629 Maintenance of Value Adjustments 466 723 -1,463 1,517 1,774 2,241 Letter of Credit Issued to IMF 2,850 4,187 6,226 -91,228 -89,891 -87,041 Dollar Deposits with the IMF -32 -7 -11 -304 -280 -312 Receivable/Payable (-) for Interim Maintenance of Value Adjustments -348 -550 1,227 1,341 1,138 791 Balance 2,937 4,352 5,979 22,955 24,371 27,308 Loans to International Monetary Fund ...... -698 -2,075 2,759 2,061 2,061 Other Cash and Monetary Assets -43 -557 -114 26,541 26,028 25,985 Total Cash and Monetary Assets 272,215 1,070,189 -148,529 479,515 1,277,489 1,549,704 Non-Federal Securities of the National Railroad Retirement Investment Trust 1,099 -1,909 -1,013 24,058 21,049 22,149 Net Activity, Guaranteed Loan Financing (See Schedule E) -1,692 -5,658 23,438 32,488 28,522 26,830 Net Activity, Direct Loan Financing (See Schedule E) 81,913 95,062 19,453 1,414,936 1,428,084 1,509,998 Miscellaneous Asset Accounts -723 586 -466 -961 348 -375 Total Asset Accounts 352,813 1,158,270 -107,117 1,950,036 2,755,493 3,108,306Excess of Liabilities (+) or Assets (-) 398,703 1,880,201 739,059 15,008,798 16,490,297 16,889,000Transactions Not Applied to Current Year's Surplus or Deficit (See Schedule A for Details) 118 95 -420 ...... -24 95Total Budget and Off-Budget Federal Entities (Financing of Deficit (+) or Disposition of Surplus (-)) 398,821 1,880,296 738,638 15,008,798 16,490,273 16,889,095

1 The balance increased by $172 million due to additional reporting by the Revenue Service Centers, various electronic systems, and information on theDepartment of the Interior and the Department of Health and Human Services for Public Debt. Information is presented on a modified cash basis. Deposits areApril 2020. reflected as received and withdrawals are reflected as processed.

2 Major sources of information used to determine Treasury's operating cash balance Note: Details may not add to totals due to rounding.include Federal Reserve Banks, Treasury Regional Finance Centers, Internal ... No Transactions

25

Classification This MonthFiscal Year to Date

This Year Prior Year

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, May 2020 and Other Periods[$ millions]

Excess of Liabilities Beginning of Period: Based on Composition of Unified Budget in Preceding Period 16,490,125 15,008,728 14,164,924 Adjustments During Current Fiscal Year for Changes in Composition of Unified Budget: Revisions by Federal Agencies to the Prior Budget Results 172 ...... -140,646 Excess of Liabilities Beginning of Period (Current Basis) 16,490,297 15,008,798 14,024,278 Budget Surplus (-) or Deficit: Based on Composition of Unified Budget in Prior Fiscal Year 398,821 1,880,296 738,638 Total Surplus (-) or Deficit (Table 2) 398,821 1,880,296 738,638 Total-On-Budget (Table 2) 385,282 1,876,981 737,149 Total-Off-Budget (Table 2) 13,539 3,315 1,489 Transactions Not Applied to Current Year's Surplus or Deficit: Premium/Discount on Buyback of U.S. Treasury Securities ...... (**) -2 Other -118 -95 422 Total-Transactions Not Applied to Current Year's Surplus or Deficit -118 -95 420 Excess of Liabilities Close of Period 16,889,000 16,889,000 14,763,336


26

This Year This Month

ClassificationThis Month

Net Transactions(-) denotes net reduction of

liability accountsAccount BalancesCurrent Fiscal Year

Close ofThis Month


Table 6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, May 2020 and Other Periods[$ millions]

Agency Securities, Issued Under Special Financing Authorities: Obligations Guaranteed by the United States, Issued By: Department of Housing and Urban Development: Federal Housing Administration ...... ...... ...... 19 19 19 Obligations Not Guaranteed by the United States, Issued By: Legislative Branch: Architect of the Capitol (**) -5 -4 69 64 64 Independent Agencies: Federal Communications Commission ...... ...... ...... (**) (**) (**) National Archives and Records Administration ...... ...... -13 (**) (**) (**) Tennessee Valley Authority -705 -1,045 -655 21,367 21,027 20,322 Total Agency Securities -704 -1,050 -672 21,455 21,109 20,405

(**) Less than absolute value of $500,000Note: Details may not add to totals due to rounding.... No Transactions

ClassificationThis Year This MonthThis Month

Transactions Account BalancesCurrent Fiscal Year

Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,May 2020 and Other Periods

[$ millions]

Borrowing from the US Treasury: Department of Agriculture: Farm Service Agency: Commodity Credit Corporation 6,093 1,726 9,813 24,862 20,495 26,588 Agricultural Credit Insurance Fund 306 555 -696 13,084 13,333 13,639 Farm Storage Facility Loans 4 73 86 1,067 1,136 1,140 Apple Loans Fund ...... ...... ...... (**) (**) (**) Emergency Boll Weevil Loan Fund ...... -1 -1 4 3 3 Rural Housing Service: Rural Housing Insurance 84 -477 370 18,783 18,222 18,306 Rural Community Facility Loans Fund 77 157 1,085 10,368 10,447 10,525 Multifamily Housing Revitalization Loan Account 1 23 (**) 454 476 477 Rural Business - Cooperative Service: Rural Business and Industry Loans ...... -59 -12 88 30 30 Rural Development Loan Fund 1 -15 2 304 288 289 Rural Economic Development Loan Fund ...... -23 15 221 198 198 Renewable Energy Guaranteed Loan Account ...... -1 (**) 1 (**) (**) Rural Microenterprise Investment Loans ...... -1 1 44 43 43 Biorefinery Assistance Loan Account ...... -2 -13 2 ...... ...... Rural Utilities Service: Rural Water and Waste Disposal Fund 74 70 388 13,270 13,267 13,341 Rural Electrification and Telecommunications Fund 36 -382 340 6,865 6,447 6,483 Rural Telephone Bank ...... -29 -3 118 90 90 Distance Learning and Telemedicine Program (**) -189 -10 788 599 599 Foreign Agricultural Service ...... ...... ...... 432 432 432 Department of Commerce: National Oceanic and Atmospheric Administration: Fisheries Finance 6 22 28 395 411 417 Department of Defense--Military Programs: Family Housing Improvement Loans ...... ...... 25 1,714 1,714 1,714 Department of Education: College Housing and Academic Facilities Loans ...... (**) ...... 16 16 16 Federal Direct Student Loans ...... 82,681 93,939 1,211,865 1,294,546 1,294,546 Teach Grant Loans ...... 80 45 651 731 731 Temporary Student Loan Purchase Authority ...... -250 -872 39,713 39,462 39,462 Federal Family Education Loans ...... 6,682 34 35,265 41,947 41,947 Department of Energy: Bonneville Power Administration Fund 50 540 -232 5,280 5,770 5,820 Western Area Power Administration - Recovery Act ...... ...... -21 76 76 76 Title 17 Innovative Technology Loans -69 -2 165 748 815 746 Department of Health and Human Services: Consumer Operated and Oriented Plan ...... ...... ...... 149 149 149 Consumer Operated and Oriented Plan Program Contingency Fund ...... ...... ...... 58 58 58 Department of Homeland Security: National Flood Insurance Fund ...... ...... ...... 20,525 20,525 20,525 Disaster Assistance Loan Fund (**) 2 2 71 72 73 Department of Housing and Urban Development: Public and Indian Housing Programs: Low-Rent Public Housing - Loans and Other Expenses ...... ...... ...... 12 12 12 Native Hawaiian Housing Loans ...... 1 (**) 2 3 3 Housing Programs: Federal Housing Administration ...... 14,336 8,625 30,386 44,722 44,722 Green Retrofit Program for Multifamily Housing-Recovery Act ...... ...... ...... 10 10 10 Department of the Interior: Bureau of Indian Affairs and Bureau of Indian Education ...... ...... ...... 5 5 5 Bureau of Reclamation Loan Fund ...... ...... ...... 29 29 29 Assistance to American Samoa Loan Fund ...... (**) (**) 8 8 8 Department of Labor: Black Lung Disability Trust Fund ...... 110 ...... 4,419 4,529 4,529 Department of State: Repatriation Loans ...... 3 2 3 7 7

27



Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,May 2020 and Other Periods - Continued

[$ millions]

Borrowing from the US Treasury: - Continued Department of Transportation: Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund 77 984 1,030 19,445 20,351 20,429 Federal Railroad Administration: Railroad Rehabilitation and Improvement Loan Fund 20 270 719 1,187 1,436 1,456 Other ...... ...... ...... (**) (**) (**) Maritime Administration: Maritime Guaranteed Loan (Title XI) Fund ...... ...... 5 125 125 125 Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... 1 ...... ...... 1 1 Department of the Treasury: Departmental Offices: Community Development Financial Institutions Fund 5 8 10 96 99 104 Temporary Credit and Liquidity Program ...... ...... ...... 3,709 3,709 3,709 Troubled Asset Relief Program ...... -2 -18 35 32 32 Small Business Lending Financing Fund -104 -104 ...... 153 153 49 ESF - Economic Stabilization Program 81,442 81,442 ...... ...... ...... 81,442 Federal Financing Bank Revolving Fund 509 7,679 1,961 63,751 70,921 71,430 Department of Veterans Affairs: Veterans Housing Benefit Program Fund ...... 50 104 492 542 542 Native American Veteran Housing Fund ...... 4 3 73 77 77 Vocational Rehabilitation Loan Fund ...... 2 2 1 3 3 Corps of Engineers: Washington Aqueduct ...... (**) (**) (**) (**) (**) Environmental Protection Agency: Water Infrastructure Finance and Innovation Loan Program ...... 165 (**) (**) 165 165 International Assistance Programs: International Security Assistance: Foreign Military Loan Program ...... ...... ...... 3,066 3,066 3,066 Military Debt Reduction ...... ...... ...... 48 48 48 Agency for International Development: Development Credit Authority Loan Fund ...... -8 ...... 8 ...... ...... Overseas Private Investment Corporation ...... -3,829 529 3,829 ...... ...... United States International Development Finance Corporation 81 4,399 ...... ...... 4,318 4,399 Small Business Administration: Business Loan Fund 10 156 -66 2,220 2,366 2,376 Disaster Loan Fund 30,000 56,118 1,353 9,590 35,708 65,708 Independent Agencies: Export-Import Bank of the United States ...... ...... 46 16,946 16,946 16,946 Presidio Trust ...... ...... ...... 38 38 38 Railroad Retirement Board: Social Security Equivalent Benefit Account 395 2,936 2,777 3,934 6,475 6,870 Smithsonian Institution: John F. Kennedy Center Parking Facilities ...... ...... ...... 20 20 20 Other: Borrowing from the US Treasury - Other ...... (**) ...... ...... (**) (**) Total Borrowing from the US Treasury 119,098 255,901 121,560 1,570,919 1,707,721 1,826,820Borrowing from the Federal Financing Bank: Department of Agriculture: Rural Utilities Service: Rural Electrification and Telecommunications Fund 496 2,397 1,168 46,289 48,190 48,686 Department of Education: Historically Black College and University Capital Financing Fund (**) 23 29 1,479 1,501 1,502 Department of Energy: Advanced Technology Vehicles Manufacturing Loans ...... -295 -295 1,618 1,323 1,323 Title 17 Innovative Technology Loans -19 763 1,809 12,804 13,586 13,567 Department of Health and Human Services: Health Maintenance Organization Loan and Loan Guarantee Fund ...... ...... ...... (**) (**) (**) Department of Housing and Urban Development: Housing Programs: Federal Housing Administration 11 305 204 1,969 2,263 2,274

28



Close ofThis Month


Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities,May 2020 and Other Periods - Continued

[$ millions]

Borrowing from the Federal Financing Bank: - Continued Department of Transportation: Maritime Administration: Maritime Guaranteed Loan (Title XI) FFB Financing Account ...... 186 ...... ...... 186 186 Department of the Treasury: Departmental Offices: Community Development Financial Institutions Fund 1 56 226 1,017 1,072 1,073 Department of Veterans Affairs: Guaranteed Transitional Housing Loans for Homeless Veterans ...... (**) (**) 4 4 4 Independent Agencies: Postal Service ...... 3,400 -2,200 11,000 14,400 14,400 Total Borrowing from the Federal Financing Bank 490 6,835 941 76,180 82,525 83,015

Note: Details may not add to totals due to rounding. these funds to agencies in lieu of agencies borrowing directly through TreasuryNote: This table includes lending by the Federal Financing Bank accomplished by or issuing their own securities.the purchase of agency financial assets, by the acquisition of agency debt ... No Transactionssecurities, and by direct loans on behalf of an agency. The Federal Financing (**) Less than absolute value of $500,000Bank borrows from Treasury and issues its own securities and in turn may loan

29

Securities Held as InvestmentsNet Purchases or Sales (-)Current Fiscal Year

Fiscal Year to Date Beginning of Close ofClassification

This MonthThis Year Prior Year This Year This Month This Month

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2020 and Other Periods[$ millions]

Federal Funds: Department of Agriculture ...... 12 11 226 238 238 Department of Commerce ...... 2 2 ...... 2 2 Department of Defense--Military Programs: Defense Cooperation Account (**) (**) (**) 8 8 8 Department of Energy -134 287 -67 55,848 56,269 56,135 Department of Health and Human Services ...... 11,006 10,236 ...... 11,006 11,006 Department of Homeland Security 620 278 488 1,525 1,184 1,803 Department of Housing and Urban Development: Housing Programs: Federal Housing Administration Fund 569 3,868 20,745 50,601 53,899 54,468 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities -427 -7,762 -192 15,784 8,449 8,022 Department of the Interior -266 397 358 9,921 10,585 10,319 Department of Justice 142 148 -1,032 1,040 1,047 1,188 Department of Labor 899 4,336 3,879 37,020 40,458 41,357 Department of State: Foreign Service Retirement and Disability Fund (**) 7 5 23 29 30 Other ...... (**) (**) 15 15 15 Department of Transportation 495 -80 29 2,343 1,768 2,263 Department of the Treasury -1,526 -11,444 240 23,842 13,924 12,398 Department of Veterans Affairs: Veterans Reopened Insurance Fund -2 -13 -13 84 72 70 Servicemen'S Group Life Insurance Fund 150 603 (**) 301 754 904 Other Defense Civil Programs: Uniformed Services Retiree Health Care Fund -993 15,403 13,857 254,176 270,572 269,579 Office of Personnel Management: Postal Service Contributions -320 -1,970 -2,318 44,611 42,961 42,640 Independent Agencies: Federal Deposit Insurance Corporation: Deposit Insurance Fund 156 1,667 5,345 104,015 105,526 105,682 FSLIC Resolution Fund (**) 9 14 872 881 881 Federal Housing Finance Agency -23 104 84 71 199 175 National Credit Union Administration 469 1,811 387 15,736 17,079 17,547 Postal Service -967 3,873 -1,905 9,341 14,181 13,214 Tennessee Valley Authority ...... -25 (**) 25 ...... ...... Other Treasury Securities 285 -61 -1,549 11,501 11,155 11,440 Other 44 1,420 -366 8,581 9,957 10,001 Total Treasury Securities -830 23,875 48,237 647,510 672,216 671,385 Total Federal Funds -830 23,875 48,237 647,510 672,216 671,385Trust Funds: Legislative Branch: Library of Congress 1 2 4 23 24 25 United States Tax Court (**) (**) (**) 13 13 13 Other (**) 3 1 29 32 32 Judicial Branch: Judicial Retirement Funds (**) 182 118 1,304 1,486 1,486 Department of Agriculture ...... ...... (**) 6 6 6 Department of Commerce 1,237 78 1,296 7,561 6,403 7,639 Department of Defense--Military Programs: Voluntary Separation Incentive Fund -3 9 6 89 102 98 Other 152 34 448 1,735 1,617 1,769 Department of Health and Human Services: Federal Supplementary Medical Insurance Trust Fund 9,200 -11,973 -12,538 104,716 83,543 92,743 Other -1,251 -69,934 -15,870 202,509 133,826 132,575 Department of Homeland Security 68 169 351 8,853 8,954 9,023 Department of the Interior 15 95 -8 36 116 131 Department of Labor: Unemployment Trust Fund 31,781 20,184 12,004 84,361 72,764 104,546 Other -10 -12 -17 64 62 52 Department of State: Foreign Service Retirement and Disability Fund 83 292 44 19,318 19,527 19,610

30

Securities Held as InvestmentsNet Purchases or Sales (-)Current Fiscal Year

Fiscal Year to Date Beginning of Close ofClassification


Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, May 2020 and Other Periods - Continued[$ millions]

Trust Funds: - Continued Other (**) -1 -2 46 45 45 Department of Transportation: Airport and Airway Trust Fund -3,466 -2,867 1,408 15,018 15,617 12,151 Highway Trust Fund -4,283 -9,369 -4,165 28,192 23,106 18,823 Department of the Treasury -78 77 192 3,578 3,733 3,656 Department of Veterans Affairs: General Post Fund, National Homes ...... (**) -6 119 120 120 National Service Life Insurance -48 -360 -403 2,456 2,144 2,096 United States Government Life Insurance Fund (**) (**) (**) 2 2 2 Veterans Special Life Insurance Fund -14 -99 -91 1,357 1,272 1,258 Corps of Engineers -25 286 1,397 9,454 9,766 9,740 Other Defense Civil Programs: Military Retirement Fund -4,531 94,224 80,823 827,414 926,168 921,637 Other 17 -52 -7 1,158 1,088 1,105 Environmental Protection Agency -111 354 559 6,024 6,489 6,378 National Aeronautics and Space Administration ...... -1 -1 16 15 15 Office of Personnel Management: Civil Service Retirement and Disability Fund Treasury Securities -3,410 -19,773 -44,811 939,703 923,340 919,930 Employees Life Insurance Fund 61 352 939 48,199 48,490 48,551 Employees and Retired Employees Health Benefits Fund 1,167 303 754 27,802 26,939 28,105 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund -11,808 -2,393 -6,467 2,804,396 2,813,811 2,802,004 Federal Disability Insurance Trust Fund -1,021 -1,312 4,757 96,520 96,229 95,208 Independent Agencies: Harry S Truman Scholarship Foundation ...... -10 -10 51 41 41 Japan-United States Friendship Commission ...... ...... -1 35 35 35 Railroad Retirement Board Treasury Securities -269 -721 73 2,606 2,153 1,885 Other Treasury Securities -89 -138 238 1,149 1,100 1,011 Total Treasury Securities 13,368 -2,369 21,017 5,245,914 5,230,177 5,243,545 Total Trust Funds 13,368 -2,369 21,017 5,245,914 5,230,177 5,243,545Grand Total 12,538 21,506 69,254 5,893,424 5,902,393 5,914,931

Note: Details may not add to totals due to rounding. ... No TransactionsNote: Investments are in Treasury securities unless otherwise noted. (**) Less than absolute value of $500,000

31

Net Transactions(-) denotes net reduction of Account Balances

asset accountsCurrent Fiscal Year

Fiscal Year to Date Beginning of Close of

Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2020 and Other Periods[$ millions]

Guaranteed Loan Financing Activity: Department of Agriculture: Farm Service Agency: Commodity Credit Corporation Export Fund 10 -23 -37 183 150 160 Agricultural Credit Insurance Fund -4 -7 -2 -207 -210 -214 Natural Resources Conservation Service: Agricultural Resource Conservation Demonstration Program ...... ...... ...... (**) (**) (**) Rural Housing Service: Rural Community Facility Loans (**) 1 -1 -42 -41 -41 Rural Housing Insurance Fund -8 2 57 851 860 852 Rural Business - Cooperative Service: Rural Business and Industry Loans 9 -8 -25 -157 -173 -165 Renewable Energy Guaranteed Loan Account -1 -3 -8 -50 -53 -53 Biorefinery Assistance Loan Account ...... -1 -4 -47 -49 -49 Rural Utilities Service: Rural Water and Waste Disposal Fund (**) (**) (**) -25 -25 -25 Department of Commerce: General Administration: Emergency Oil, Gas, and Steel Account ...... ...... ...... 5 5 5 Department of Defense--Military Programs ...... ...... ...... -60 -60 -60 Department of Education: Office of Student Financial Assistance: Federal Family Education Loans -123 -1,241 -1,012 23,825 22,707 22,584 Department of Energy: Title 17 Innovative Technology Loans ...... -51 21 -126 -177 -177 Department of Health and Human Services: Health Resources and Services Administration: Health Center Loans (**) (**) ...... -1 -1 -1 Health Education Assitance Loans ...... ...... ...... -70 -70 -70 Department of Housing and Urban Development: Public and Indian Housing Programs: Indian Housing Loans 32 26 -7 -135 -141 -109 Native Hawaiian Housing Loans -2 -2 -1 -1 -1 -3 Community Planning and Development: Community Development Loans (**) 9 -1 -14 -5 -5 Housing Programs: FHA-Mutual Mortgage Insurance Loans -149 1,108 20,554 19,700 20,956 20,807 FHA-General and Special Risk Fund 204 1,135 1,684 -2,389 -1,458 -1,254 Home Ownership Preservation Entity Fund (**) (**) (**) -17 -17 -17 Government National Mortgage Association: Guarantees of Mortgage-Backed Securities -571 -1,621 -1,187 6,253 5,203 4,632 Department of the Interior: Bureau of Indian Affairs and Bureau of Indian Education -1 -4 -23 -46 -49 -50 Department of Transportation: Office of the Secretary: Minority Business Resource Center Fund (**) (**) ...... (**) (**) (**) Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund ...... ...... ...... (**) (**) (**) Maritime Administration: Maritime Guaranteed Loan (Title XI) Fund -12 -11 -26 -51 -49 -62 Department of the Treasury: Departmental Offices: Air Transportation Stabilization Fund ...... ...... ...... (**) (**) (**) Troubled Assets Insurance Financing Fund ...... ...... ...... (**) (**) (**) Troubled Asset Relief Program 1 1 1 -2 -2 -1 Department of Veterans Affairs: Veterans Benefits Administration: Veterans Housing Benefit Program Fund -174 1,946 2,710 -9,169 -7,050 -7,223 International Assistance Programs: Agency for International Development:

32




Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2020 and Other Periods - Continued[$ millions]

Guaranteed Loan Financing Activity: - Continued Ukraine Export Credit Insurance Fund ...... ...... ...... -1,098 -1,098 -1,098 Loan Guarantees to Israel ...... ...... ...... -1,178 -1,178 -1,178 Urban and Environmental Credit Guaranteed Loans ...... 2 2 -39 -38 -38 Microenterprise and Small Enterprise Development ...... ...... ...... (**) (**) (**) Development Credit Authority Loan Fund ...... 2 -5 -101 -99 -99 Tunisia Loan Fund ...... ...... ...... -1,325 -1,325 -1,325 Overseas Private Investment Corporation ...... 23 88 255 278 278 United States International Development Finance Corporation 8 13 ...... ...... 6 13 Urban and Environmental Credit 1 1 ...... ...... (**) 1 Small Business Administration: Business Loan Fund -1,019 -7,051 384 -1,662 -7,694 -8,713 Independent Agencies: Export-Import Bank of the United States 108 96 276 -568 -580 -472 Net Activity, Guaranteed Loan Financing -1,692 -5,658 23,438 32,488 28,522 26,830Direct Loan Financing Activity: Department of Agriculture: Farm Service Agency: Agricultural Credit Insurance Fund 181 565 66 11,550 11,934 12,115 Farm Storage Facility Loans -20 22 50 819 862 842 Apple Loans Fund ...... ...... ...... (**) (**) (**) Emergency Boll Weevil Loan Fund ...... -2 -1 3 2 2 Rural Housing Service: Rural Community Facility Loans Fund -16 279 814 9,512 9,807 9,791 Rural Housing Insurance Fund -42 -362 -387 15,735 15,415 15,373 Multifamily Housing Revitalization Loan Account (**) 29 13 416 445 445 Rural Business - Cooperative Service: Rural Business and Industry Loan Fund (**) (**) (**) (**) -1 -1 Rural Development Loan Fund (**) -12 -11 280 269 268 Rural Economic Development Loan Fund -2 -12 7 185 175 173 Rural Microenterprise Investment Loans (**) (**) (**) 40 40 40 Rural Utilities Service: Rural Water and Waste Disposal Loans -28 -214 -34 11,857 11,672 11,643 Rural Electrification and Telecommunications Fund 474 2,236 1,194 48,284 50,045 50,519 Rural Telephone Bank -1 -12 -14 92 81 80 Distance Learning and Telemedicine Program -5 -49 -53 560 516 510 Rural Development Insurance Fund ...... ...... ...... 1,065 1,065 1,065 Foreign Agricultural Service:

P.L. 480 Direct Loan Fund -25 -82 -58 407 350 324International Debt Reduction ...... -4 -7 -62 -66 -66

Department of Commerce: National Oceanic and Atmospheric Administration: Fisheries Finance 3 -10 -12 395 382 386 Department of Defense--Military Programs -63 -115 -31 1,714 1,662 1,599 Department of Education: Office of Postsecondary Education: College Housing and Academic Facilities Loans (**) (**) (**) 3 3 3 Historically Black College and University Capital Financing Fund 2 23 58 1,320 1,341 1,343 Office of Student Financial Assistance: Federal Direct Student Loans 2,946 18,988 21,762 1,177,207 1,193,249 1,196,195 Teach Grant Loans 3 20 9 616 633 636 Temporary Student Loan Purchase Authority -136 -3,399 -5,057 58,858 55,596 55,460 Department of Energy: Advanced Technology Vehicles Manufacturing Loans 17 -298 -273 1,548 1,232 1,250 Title 17 Innovative Technology Loans 16 767 1,952 12,737 13,488 13,503 Department of Health and Human Services: Consumer Operated and Oriented Plan ...... -9 -8 126 117 117 Consumer Operated and Oriented Plan Program Contingency Fund ...... (**) -1 55 55 55 Department of Homeland Security: Disaster Assistance Loan Fund (**) -7 -3 34 27 28

33




Classification


Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, May 2020 and Other Periods - Continued[$ millions]

Direct Loan Financing Activity: - Continued Department of Housing and Urban Development: Housing Programs: Emergency Homeowners' Relief Fund (**) (**) -1 -1 -1 -1 FHA-Mutual Mortgage Insurance Loans ...... ...... ...... (**) (**) (**) FHA-General and Special Risk Fund 12 333 188 2,077 2,398 2,410 Green Retrofit Program for Multifamily Housing Fund (**) -4 -3 8 4 4 Department of the Interior: Bureau of Reclamation ...... -3 -3 30 27 27 Bureau of Indian Affairs and Bureau of Indian Education ...... (**) -1 2 2 2 Assistance to American Samoa Loan Fund -1 -1 -1 8 8 7 Department of State: Administration of Foreign Affairs: Repatriation Loans 1 -1 -1 1 (**) (**) Department of Transportation: Federal Highway Administration: Transportation Infrastructure Finance and Innovation Fund 77 -3,906 456 19,332 15,349 15,426 Tiger Tifia Loan Fund ...... -1 -1 58 58 58 Federal Railroad Administration: Railroad Rehabilitation and Improvement Loan Fund 15 204 685 1,070 1,260 1,274 Maritime Administration: Maritime Guaranteed Loan (Title XI) FFB Financing Account -8 178 ...... ...... 186 178 Department of the Treasury: Departmental Offices: Community Development Financial Institutions Fund 8 62 230 1,110 1,163 1,171 GSE Mortgage-Backed Securities Purchase Program ...... ...... ...... 4,613 4,613 4,613 Temporary Credit and Liquidity Program -97 -1,030 -351 3,644 2,712 2,615 Troubled Asset Relief Program 67 64 -1 -43 -46 21 Small Business Lending Program -4 -8 -17 53 49 45 ESF - Economic Stabilization Program 52,770 52,770 ...... ...... ...... 52,770 Bureau of the Fiscal Service ...... ...... ...... (**) (**) (**) Department of Veterans Affairs: Veterans Benefits Administration: Veterans Housing Benefit Program Fund -1 20 -7 389 409 408 Native American Veteran Housing Fund (**) -2 -2 68 66 67 Transitional Housing Loans (**) (**) (**) (**) (**) (**) Vocational Rehabilitation Loan Fund (**) (**) (**) (**) (**) (**) Environmental Protection Agency: Water Infrastructure Finance and Innovation Loan Program (**) 164 (**) (**) 164 164 International Assistance Programs: International Security Assistance: Foreign Military Loan Program ...... -405 437 2,432 2,028 2,028 Military Debt Reduction ...... ...... ...... 36 36 36 Agency for International Development: International Debt Reduction ...... -26 -55 -146 -172 -172 Overseas Private Investment Corporation ...... 42 68 2,860 2,902 2,902 International Monetary Programs ...... ...... ...... -278 -278 -278 United States International Development Finance Corporation 56 -36 ...... ...... -91 -36 Small Business Administration: Business Loan Fund 12 -8 -3 172 153 165 Disaster Loan Fund 25,767 30,429 363 8,252 12,914 38,681 Independent Agencies: Export-Import Bank of the United States -63 -2,117 -2,504 13,831 11,777 11,714 Federal Communications Commission: Spectrum Auction Loan Fund ...... ...... (**) (**) (**) (**) Net Activity, Direct Loan Financing 81,913 95,062 19,453 1,414,936 1,428,084 1,509,998

net present value in accordance with the Credit Reform Act of 1990. Unreimbursedcosts such as administrative expenses and subsidy payments are reported on acash basis and included within each program's budgetary totals in Table 5.... No Transactions(**) Less than absolute value of $500,000

Note: Details may not add to totals due to rounding.Note: Federal credit programs provide benefits to the public in the form of direct loans and loan guarantees. This table reflects cash transactions and balances of the nonbudgetary financing fund accounts that result from the disbursement of loans, collection of fees, repayment of principal, sale of collateral, interest, and subsidy received from the credit program accounts at

34

Classification June July Aug. Sept.Fiscal

Year toDate

Com-parablePeriod

Prior F.Y.Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020[$ millions]

Receipts: Individual Income Taxes 126,389 105,764 152,706 216,660 69,626 98,316 75,257 47,760 892,477 1,160,328 Corporation Income Taxes 6,571 532 58,311 10,492 -2,041 10,390 3,940 -1,795 86,399 113,086 Social Insurance and Retirement Receipts: Employment and General Retirement 86,671 93,654 102,399 117,604 97,239 107,165 129,982 99,529 834,243 792,875 Unemployment Insurance 2,757 2,596 248 3,019 2,279 296 9,063 11,720 31,979 33,009 Other Retirement 389 486 449 422 400 405 402 505 3,458 3,158 Excise Taxes 6,037 7,513 7,017 6,308 6,685 6,415 353 2,701 43,028 64,085 Estate and Gift Taxes 1,691 1,239 1,698 2,361 1,584 1,217 13 736 10,538 11,348 Customs Duties 7,757 6,940 6,449 6,918 6,286 4,815 4,114 3,833 47,112 44,866 Miscellaneous Receipts 7,260 6,461 6,529 8,506 5,892 7,749 18,739 8,871 70,007 52,149 Total--Receipts This Year 245,521 225,185 335,805 372,288 187,951 236,766 241,863 173,861 2,019,240 ...... (On-Budget) 181,095 155,648 259,671 281,546 112,136 153,068 142,052 96,428 1,381,643 ...... (Off-Budget) 64,426 69,537 76,135 90,742 75,815 83,698 99,811 77,433 637,597 ...... Total--Receipts Prior Year 252,692 205,961 312,584 339,980 167,265 228,811 535,545 232,064 ...... 2,274,902

(On-Budget) 190,915 139,336 242,999 253,837 95,390 149,414 439,736 158,229 ...... 1,669,857

(Off-Budget) 61,777 66,625 69,585 86,143 71,875 79,397 95,809 73,835 ...... 605,046

Outlays: Legislative Branch 504 303 586 460 385 455 384 443 3,521 3,254 Judicial Branch 713 776 677 689 631 701 668 776 5,632 5,374 Department of Agriculture: Commodity Credit Corporation 5,774 6,662 3,145 845 3,172 -75 -667 -290 18,566 17,840 Foreign Agricultural Service 297 147 154 170 221 125 111 269 1,496 1,291 Other 13,022 11,759 11,763 10,210 10,079 11,179 10,860 12,532 91,404 86,051 Department of Commerce 963 2,359 1,291 1,012 993 1,200 1,478 1,202 10,498 7,753 Department of Defense--Military Programs: Military Personnel 28,921 14,024 12,271 11,838 12,061 7,429 11,872 11,961 110,376 111,684 Operation and Maintenance 21,805 21,315 23,294 23,443 21,683 25,018 23,262 23,204 183,023 177,009 International Reconstruction and Other Assistance ...... ...... ...... ...... 2 2 -3 ...... (**) 6 Procurement 8,404 14,858 13,029 8,838 10,928 14,186 11,077 13,079 94,400 80,383 Research, Development, Test, and Evaluation 7,690 7,430 9,703 5,952 6,659 10,789 7,957 8,659 64,837 60,877 Military Construction 862 583 668 521 611 864 876 601 5,585 5,203 Family Housing 84 67 97 79 97 89 119 151 782 707 Revolving and Management Funds 258 1,241 981 -92 551 -317 394 921 3,936 3,819 Other 209 556 -1,000 -224 30 -204 -273 -122 -1,027 -391 Total Department of Defense--Military Programs 68,233 60,073 59,042 50,354 52,622 57,855 55,280 58,453 461,912 439,296 Department of Education 8,094 4,772 4,785 9,839 9,295 6,366 5,806 8,929 57,886 52,323 Department of Energy 3,109 2,639 2,226 2,830 2,348 2,876 2,662 2,690 21,379 18,753 Department of Health and Human Services: National Institutes of Health 3,179 3,110 3,002 2,932 3,059 3,240 2,886 2,845 24,254 23,486 Centers for Medicare and Medicaid Services: Grants to States for Medicaid 34,777 33,243 32,932 34,760 37,235 34,664 45,304 39,862 292,776 268,533 Federal Hospital Insurance Trust Fund 27,210 35,953 18,135 39,218 27,307 19,671 118,020 -2,190 283,326 228,575 Federal Supplementary Medical Insurance Trust Fund 38,895 57,493 19,585 59,190 35,558 19,186 45,113 63,171 338,191 317,673 Other 34,196 30,045 30,051 38,169 31,681 30,456 35,625 31,904 262,127 256,954 Administration for Children and Families 4,848 5,527 4,594 4,908 4,637 5,255 5,297 4,688 39,753 36,990 Other -37,714 -33,291 -36,428 -44,759 -37,500 -38,945 -2,237 -11,572 -242,447 -297,865 Department of Homeland Security 4,884 5,053 5,450 4,563 4,299 4,776 5,487 6,031 40,543 38,650 Department of Housing and Urban Development 3,836 3,798 4,056 3,667 3,753 4,452 4,093 4,797 32,452 13,335 Department of the Interior 1,251 900 1,467 1,255 856 1,495 2,120 1,162 10,506 8,620 Department of Justice 3,135 2,778 3,024 3,671 364 3,534 5,645 2,817 24,968 23,163 Department of Labor: Unemployment Trust Fund 2,285 2,079 2,941 3,407 3,090 4,659 21,550 29,561 69,572 22,081 Other -5,653 1,278 2,206 1,475 265 990 27,970 64,308 92,840 1,561 Department of State 2,251 3,377 2,733 2,411 2,213 2,760 2,858 1,658 20,262 19,055 Department of Transportation: Highway Trust Fund 4,742 3,683 3,153 2,528 2,998 3,345 2,900 3,759 27,109 25,065 Other 2,728 2,810 3,380 2,915 4,007 2,927 4,581 6,080 29,428 21,390 Department of the Treasury: Interest on Treasury Debt Securities (Gross) 30,319 35,643 94,225 33,903 34,891 40,471 41,004 26,503 336,959 354,068

35

Classification June July Aug. Sept.Fiscal

Year toDate

Com-parablePeriod

Prior F.Y.Oct. Nov. Dec. Jan. Feb. March April May

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2020 - Continued[$ millions]

Outlays: - Continued Other 8,903 6,937 9,272 6,375 60,060 22,626 392,098 71,967 578,237 122,950 Department of Veterans Affairs: Compensation and Pensions 8,604 16,622 8,841 8,955 9,627 1,006 9,287 9,497 72,439 73,729 National Service Life 54 49 37 63 43 58 55 51 411 460 Other 8,937 10,481 8,136 8,964 8,128 6,230 9,276 9,943 70,095 66,739 Corps of Engineers 710 684 785 731 663 795 1,089 326 5,782 4,272 Other Defense Civil Programs 5,354 10,121 5,360 6,191 5,026 515 5,014 5,875 43,456 45,238 Environmental Protection Agency 831 829 777 826 707 690 638 753 6,051 5,621 Executive Office of the President 33 33 33 32 32 33 31 44 271 272 General Services Administration 46 -54 -17 -27 400 -3 -128 -226 -8 -514 International Assistance Programs: International Security Assistance 513 2,093 1,100 3,526 426 505 493 590 9,245 9,125 Multilateral Assistance (**) 1 235 46 3 1,489 242 29 2,044 537 Agency for International Development 1,095 816 626 457 728 730 710 1,165 6,327 5,021 Other -176 -564 -2,667 -1,540 285 2,649 1,054 -579 -1,538 1,794 National Aeronautics and Space Administration 1,715 1,793 2,346 1,318 1,489 1,864 1,625 1,862 14,012 13,132 National Science Foundation 679 595 549 578 535 538 522 541 4,537 4,466 Office of Personnel Management 9,587 8,470 8,102 9,445 9,062 8,988 9,286 7,815 70,754 68,613 Small Business Administration 81 81 104 85 102 -1,056 15,367 10,844 25,608 90 Social Security Administration: Federal Old-Age and Survivors Insurance Trust Fund (Off-Budget) 76,709 76,640 76,503 78,344 78,476 79,020 79,245 79,282 624,218 588,781 Federal Disability Insurance Trust Fund (Off-Budget) 12,285 12,259 11,774 12,402 12,262 12,540 12,520 12,512 98,555 98,425 Other 4,688 9,303 4,896 4,820 4,896 309 4,816 5,336 39,065 42,794 Independent Agencies: Deposit Insurance Fund 367 124 -989 266 -631 -1,312 528 -160 -1,808 -5,161 FSLIC Resolution Fund -2 -1 -2 -1 -1 (**) (**) (**) -8 -13 Postal Service: Off-Budget: Public Enterprise Funds 545 788 -690 -696 -91 -459 -887 897 -594 -483 Other 38 20 1 208 ...... ...... ...... ...... 267 265 Other ...... ...... ...... 57 ...... ...... ...... ...... 57 55 Tennessee Valley Authority -188 -95 36 -180 -302 428 -85 -731 -1,117 -768 Other 2,399 2,532 2,658 2,105 3,428 4,115 5,600 1,525 24,363 23,736 Undistributed Offsetting Receipts: Employer Share, Employee Retirement -22,480 -7,025 -7,112 -6,895 -6,741 -6,760 -6,810 -7,449 -71,271 -65,303 Interest Received by Trust Funds 3,223 -2,183 -59,103 -1,716 -3,729 -2,767 -6,312 535 -72,053 -77,863 Rents and Royalties on the Outer Continental Shelf Lands -441 -295 -672 -480 -115 -631 -188 48 -2,774 -4,580 Other (**) (**) (**) (**) (**) (**) (**) (**) -1 -1,156 Totals This Year: Total Outlays 379,988 434,024 349,091 404,883 423,229 355,754 979,885 572,682 3,899,536 ...... (On-Budget) 300,962 345,901 302,065 326,440 334,290 266,410 900,847 481,710 3,258,625 ...... (Off-Budget) 79,026 88,122 47,026 78,443 88,939 89,344 79,038 90,972 640,912 ...... Total-Surplus (+) or Deficit (-) -134,467 -208,838 -13,286 -32,595 -235,278 -118,988 -738,022 -398,821 -1,880,296 ...... (On-Budget) -119,867 -190,253 -42,394 -44,894 -222,155 -113,342 -758,795 -385,282 -1,876,981 ...... (Off-Budget) -14,600 -18,585 29,108 12,299 -13,124 -5,646 20,773 -13,539 -3,315 ...... Total Borrowing from the Public 159,836 125,462 65,767 41,898 200,119 267,964 1,386,5 759,988 3,007,563 440,717

28 Total-Outlays Prior Year 353,183 410,864 326,123 331,299 401,243 375,756 375,240 439,833 ...... 3,013,541

(On-Budget) 279,122 328,697 284,536 256,096 316,103 290,478 299,230 352,744 ...... 2,407,006

(Off-Budget) 74,061 82,166 41,588 75,203 85,140 85,278 76,011 87,089 ...... 606,535

Total-Surplus (+) or Deficit (-) Prior Year -100,491 -204,903 -13,539 8,681 -233,977 -146,945 160,304 -207,768 ...... -738,638

(On-Budget) -88,207 -189,361 -41,537 -2,259 -220,713 -141,064 140,506 -194,514 ...... -737,149

(Off-Budget) -12,284 -15,541 27,997 10,940 -13,265 -5,881 19,798 -13,254 ...... -1,489


36

This Month

ExcessBeginning of

This Year This MonthClose of

This Month

Fiscal Year to Date Securities Held as InvestmentsCurrent Fiscal Year

Classification

Receipts Outlays Excess Receipts Outlays

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of May 31, 2020[$ millions]

Trust Receipts, Outlays, and Investments Held: Airport and Airway -540 2,487 -3,027 19,726 12,374 7,352 15,018 15,617 12,151 Black Lung Disability 8 17 -8 132 142 -10 ...... ...... ...... Federal Disability Insurance 11,489 12,512 -1,023 97,196 98,555 -1,359 96,520 96,229 95,208 Federal Employees Life and Health ...... -1,228 1,228 ...... -727 727 76,001 75,429 76,656 Federal Employees Retirement 4,299 7,632 -3,333 42,192 61,498 -19,306 960,338 944,365 941,038 Federal Hospital Insurance 23,028 -2,045 25,073 214,544 284,579 -70,034 ...... ...... ...... Federal Old-Age and Survivors Insurance 67,663 79,282 -11,620 621,935 624,218 -2,283 2,804,396 2,813,811 2,802,004 Federal Supplementary Medical Insurance 41,168 63,171 -22,003 324,959 338,191 -13,233 104,716 83,543 92,743 Hazardous Substance Superfund 11 131 -120 1,301 1,019 281 5,251 5,629 5,525 Highways 676 4,469 -3,792 23,796 34,182 -10,386 28,192 23,106 18,823 Military Advances 4,115 3,582 534 27,018 24,929 2,089 ...... ...... ...... Military Retirement 664 5,199 -4,534 126,146 41,411 84,735 827,414 926,168 921,637 Railroad Retirement 1,619 1,185 435 4,662 10,217 -5,555 2,606 2,153 1,885 Unemployment 24,958 29,580 -4,622 115,910 69,685 46,225 84,361 72,764 104,546 Veterans Life Insurance 2 67 -64 63 528 -465 3,815 3,418 3,356 All Other Trust 486 608 -122 4,945 4,055 889 237,286 167,944 167,973 Total Trust Fund Receipts and Outlays and Investments Held from Table 6-D 179,647 206,646 -26,999 1,624,525 1,604,856 19,669 5,245,914 5,230,177 5,243,545 Less: Interfund Transactions 67,568 67,568 ...... 718,949 718,949 ...... ...... ...... ...... Trust Fund Receipts and Outlays on the Basis of Tables 4 & 5 112,079 139,078 -26,999 905,576 885,907 19,669Total Federal Fund Receipts and Outlays 61,863 433,685 -371,822 1,114,135 3,014,100 -1,899,966 Less: Interfund Transactions 81 81 ...... 471 471 ...... Federal Fund Receipts and Outlays on the Basis of Table 4 & 5 61,781 433,604 -371,822 1,113,664 3,013,630 -1,899,966Net Budget Receipts & Outlays 173,861 572,682 -398,821 2,019,240 3,899,536 -1,880,296

Note: Details may not add to totals due to rounding. receipts and outlays since the receipt side of such transactions is offsetNote: Interfund receipts and outlays are transactions between Federal funds and against budget outlays. In this table, Interfund receipts are shown as antrust funds such as Federal payments and contributions, and interest and profits adjustment to arrive at total receipts and outlays of trust funds respectively.on investments in Federal securities. They have no net effect on overall budget ... No Transactions

37

Classification This Month Fiscal Yearto Date

Comparable PeriodPrior Fiscal Year

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, May 2020 and Other Periods[$ millions]

Receipts Individual Income Taxes 47,760 892,477 1,160,328 Corporation Income Taxes -1,795 86,399 113,086 Social Insurance and Retirement Receipts: Employment and General Retirement 99,529 834,243 792,875 Unemployment Insurance 11,720 31,979 33,009 Other Retirement 505 3,458 3,158 Excise Taxes 2,701 43,028 64,085 Estate and Gift Taxes 736 10,538 11,348 Customs Duties 3,833 47,112 44,866 Miscellaneous Receipts 8,871 70,007 52,149 Total 173,861 2,019,240 2,274,902Net Outlays National Defense 61,084 485,402 461,515 International Affairs 4,488 48,894 36,407 General Science, Space, and Technology 2,820 22,036 20,872 Energy 36 3,869 1,289 Natural Resources and Environment 2,932 27,327 23,316 Agriculture 599 31,627 31,111 Commerce and Housing Credit 10,790 33,654 -23,803 Transportation 16,191 84,995 57,101 Community and Regional Development 8,309 25,687 20,687 Education, Training, Employment, and Social Services 10,867 79,972 73,683 Health 79,121 479,307 383,590 Medicare 49,955 531,981 462,606 Income Security 184,438 785,540 384,499 Social Security 92,022 722,888 687,098 Veterans Benefits and Services 19,501 143,115 141,219 Administration of Justice 5,182 46,717 43,234 General Government 5,941 159,352 11,327 Net Interest 25,809 261,219 268,829 Undistributed Offsetting Receipts -7,401 -74,045 -71,038 Total 572,682 3,899,536 3,013,541

Note: Details may not add to totals due to rounding.

38

Explanatory Notes 1. Flow of Data into Monthly Treasury Statement

The Monthly Treasury Statement (MTS) is assembled from data in the central accounting system. The major sources of data include monthly accounting reports by Federal entities and disbursing officers, and daily reports from the Federal Reserve banks. These reports detail accounting transactions affecting receipts and outlays of the Federal Government and off-budget Federal entities, and their related effect on the assets and liabilities of the U.S. Government. Information is presented in the MTS on a modified cash basis.

2. Notes on Receipts Receipts included in the report are classified into the following major

categories: (1) budget receipts and (2) offsetting collections (also called applicable receipts). Budget receipts are collections from the public that result from the exercise of the Government's sovereign or governmental powers, excluding receipts offset against outlays. These collections, also called governmental receipts, consist mainly of tax receipts (including social insurance taxes), receipts from court fines, certain licenses, and deposits of earnings by the Federal Reserve System. Refunds of receipts are treated as deductions from gross receipts.

Offsetting collections are from other Government accounts or the public that are of a business-type or market-oriented nature. They are classified into two major categories: (1) offsetting collections credited to appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts deposited in receipt accounts). Collections credited to appropriation or fund accounts normally can be used without appropriation action by Congress. These occur in two instances: (1) when authorized by law, amounts collected for materials or services are treated as reimbursements to appropriations and (2) in the three types of revolving funds (public enterprise, intra governmental, and trust); collections are netted against spending, and outlays are reported as the net amount.

Offsetting receipts in receipt accounts cannot be used without being appropriated. They are subdivided into two categories: (1) proprietary receipts - these collections are from the public and they are offset against outlays by agency and by function, and (2) intra governmental funds - these are payments into receipt accounts from Governmental appropriation or fund accounts. The transactions may be intrabudgetary when the payment and receipt both occur within the budget or from receipts from off-budget Federal entities in those cases where payment is made by a Federal entity whose budget authority and outlays are excluded from the budget totals.

Intrabudgetary transactions are subdivided into three categories: (1) interfund transactions, where the payments are from one fund group (either Federal funds or trust funds) to a receipt account in the other fund group; (2) Federal intrafund transactions, where the payments and receipts both occur within the Federal fund group; and (3) trust intrafund transactions, where the payments and receipts both occur within the trust fund group.

Offsetting receipts are generally deducted from budget authority and outlays by function, by subfunction, or by agency. There are four types of receipts, however, that are deducted from budget totals as undistributed offsetting receipts. They are: (1) agencies' payments (including payments by off-budget Federal entities) as employers into employees retirement funds, (2) interest received by trust funds, (3) rents and royalties on the Outer Continental Shelf lands, and (4) other interest (i.e., interest collected on Outer Continental Shelf money in deposit funds when such money is transferred into the budget).

3. Notes on OutlaysOutlays are generally accounted for on the basis of checks issued,

electronic funds transferred, or cash payments made. Certain outlays do not require issuance of cash or checks. An example is charges made against appropriations for that part of employees' salaries withheld for taxes or savings bond allotments - these are counted as payments to the employee and credits for whatever purpose the money was withheld. Outlays are stated net of offsetting collections (including receipts of revolving and management funds) and of refunds. Interest on the public debt (public issues) is recognized on the accrual basis. Federal credit programs subject to the Federal Credit Reform Act of 1990 use the cash

basis of accounting and are divided into two components. The portion of the credit activities that involve a cost to the Government (mainly subsidies) is included within the budget program accounts. The remaining portion of the credit activities are in non-budget financing accounts. Outlays of off-budget Federal entities are excluded by law from budget totals. However, they are shown separately and combined with the on- budget outlays to display total Federal outlays.

4. ProcessingThe data on payments and collections are reported by account symbol

into the central accounting system. In turn, the data are extracted from this system for use in the preparation of the MTS.

There are two major checks which are conducted to assure consistency of the data reported: 1. Verification of payment data. The monthly payment activity reported by Federal entities on the Statements of Transactions is compared to thepayment activity of Federal entities as reported by disbursing officers.2. Verification of collection data. Reported collections appearing on Statements of Transactions are compared to deposits as reported by Federal Reserve Banks.

5. Other Sources of Information About Federal Government FinancialActivities

A Glossary of Terms Used in the Federal Budget Process, 2005 (Available from the U.S. Government Accountability Office, at calling 202-512-6000. This glossary provides a basic reference document of standardized definitions of terms used by the Federal Government in the budget making process).

Daily Treasury Statement (Available on the internet at http://www.fms.treas.gov/dts/). The Daily Treasury Statement is published each working day of the Federal Government and provides data on the cash and debt operations of the Treasury.

Monthly Statement of the Public Debt of the United States (Available on the internet at http://www.treasurydirect.gov/govt/reports/pd/ mspd/mspd.htm). This publication provides detailed information concerning the public debt.

Treasury Bulletin (Available from GPO, Washington, D.C. 20401 on a subscription or single copy and on the internet at http://www.fiscal.treasury.gov/fsreports/rpt/treasBulletin/treasBulle tin_home.htm). Quarterly, contains a mix of narrative, tables, and charts on Treasury issues, Federal financial operations, international statistics, and special reports.

Budget of the United States Government, Fiscal Year 20__ (Available from GPO, Washington, D.C. 20401 on a subscription basis only and on the internet at http://www.access.gpo.gov/usbudget). This publication is a single volume which provides budget information and contains:

- Appendix, The Budget of the United States Government, FY 20- The United States Budget in Brief, FY 20 - Analytical Perspectives - Historical Tables

Combined Statement of Receipts, Outlays, and Balances of the United States Government (Available from Bureau of the Fiscal Service, U.S. Department of Treasury, Washington, D.C. 20227 and on the internet at http://www.fiscal.treasury.gov/fsreports/rpt/ combStmt/combStmt_home.htm). This report includes budgetary results at the summary level and presents individual receipt and appropriation accounts at the detail level.

39

Scheduled Release

The release date for the 20 Statement

will be 2:00 p.m. EST 20 .

Internet service subscribers can access the current issue of the Monthly Treasury Statement through theBureau of the Fiscal Service’s website:

http://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mthTreasStmt_home.htm

monthly treasury statement · 2020-06-10 · the mts is part of a triad of treasury financial...

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